Скачать или смотреть Veblen effect | Snob effect | Bandwagon effect | demonstration effect | UGC NET

In this video, we cover four important exceptions to the Law of Demand—Veblen Effect, Snob Effect, Bandwagon Effect, and Demonstration Effect. These concepts are extremely important for UGC NET Commerce, UGC NET Economics, Classical & Modern Consumer Behaviour, and Microeconomics exams.
You will learn:
• Meaning of Veblen goods / prestige goods
• How Snob effect differs from Veblen effect
• Bandwagon effect vs Demonstration effect (social influence)
• Why these are considered exceptions to the Law of Demand
• Easy examples for exam understanding
• Memory tricks for UGC NET & JRF
Perfect for: UGC NET Commerce, UGC NET Economics, JRF aspirants, B.Com, BA Economics, MBA, and Class 12 Economics (Micro).

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