Do you know?
Doesn’t Veblem have to do with the demande side of things?
Veblem – V for Vain
Type of good people who are Vain tend to buy. So the more expensive the goods are, the higher its demand.
Of course, that’s just for illustrative purpose only.
He’s asking for the shape of the supply curve… so yeah upward sloping (like any other good).
Thanks you guys are so smart.
google the image. it’s like reversed C…
heh, I used Veblem – V for Vutton (Louis Vutton) to remember.
Vutton? Must be the fake one’s from Chinatown