{"version":"1.0","type":"link","title":"Snob effect - Newikis","description":"The snob effect is a phenomenon described in microeconomics as a situation where the demand for a certain good by individuals of a higher income level is inversely related to its demand by those of a lower income level. The \"snob effect\" contrasts most other microeconomic models, in that the demand…","provider_name":"Newikis","provider_url":"https://newikis.com","cache_age":86400}