Question: =+h. In a footnote in the chapter, we defined the following: A good is a Veblen good if preferences for the good change as price

=+h. In a footnote in the chapter, we defined the following: A good is a Veblen good if preferences for the good change as price increases, with this change in preferences possibly leading to an increase in consumption as price increases. Are Gucci products a Veblen good in this exercise?

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