The Veblen Effect
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The Veblen Effect: How Sky-High Prices Fuel the iPhone 17 Frenzy
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Why do people pay $1,200+ for an iPhone 17 when cheaper phones match it? The Veblen effect explains how sky-high prices fuel status-driven demand.
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Why do people pay $1,200+ for an iPhone 17 when cheaper phones match it? The Veblen effect explains how sky-high prices fuel status-driven demand.