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Catch the utility effects

Exercise and reference answers

Items
  1. Matches the category
    Yes
    Item
    Bandwagon
  2. Matches the category
    Yes
    Item
    Snob effect
  3. Matches the category
    Yes
    Item
    Veblen effect
  4. Matches the category
    Yes
    Item
    Demonstration
  5. Matches the category
    No
    Item
    Giffen goods
  6. Matches the category
    No
    Item
    Demand curve
  7. Matches the category
    No
    Item
    Schedule
Category
External utility effect
Instructions
Tap the arrows to move the basket. Catch external utility effects, let the rest fall.

Explanation

_Source: ICAI BoS SM, Business Economics Ch 2 Unit 1 'Law of Demand and Elasticity of Demand'_
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