Veblen and Giffen goods are the only types of goods for which the price elasticity of this quantity is greater than zero.
Veblen and Giffen goods are the only types of goods for which the price elasticity of this quantity is greater than zero. This quantity, on the macroeconomic level, is equal to the sum of consumption, government spending, investments and net exports, and is referred to as the (*) aggregate type. In microeconomics, the curve which graphs this quantity is downward-sloping. For 10 points, name this quantity from economics, often contrasted with supply.
Veblen and Giffen goods are the only types of goods for which the price elasticity of this quantity is greater than zero.
{demand} [or aggregate {demand}]