Some people will pay a higher price for brand-name goods. For example, some people buy…

Some people will pay a higher price for brand-name goods. For example, some people buy…

Some people will pay a higher price for brand-name goods. For example, some people buy Rolls-Royces and Rolex watches to impress others. Does knowingly paying higher prices for certain items just to be a “snob” violate the law of demand?

Some people will pay a higher price for brand-name goods. For example, some people buy…

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