Home › CBSE Class 11 (Arts) › Economics › Microeconomics: Consumer's Equilibrium and Demand › Which pair are typical Veblen goods?
Which pair are typical Veblen goods?
ASalt and wheat
BBricks and sand
CGold and diamonds
DCoal and firewood
Answer & Solution
Correct answer: C. Gold and diamonds
Veblen goods are mostly luxury items such as diamond and gold.
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