Thank You So much Concept is clear now your explanation is very clear and the Example was good. But in the snob Effect, If you say like this, "More people are trying to buy the good now, The other customer says, If anyone has it then I don't want it" then the Demand curve shifts to the left side. Overall Good Video. Thank You
In HL Ahujas Advanced Microeconomics ,this topic is as written as u dictate bt find it more interesting after listening.👍 Edit: bt one suggestion to u is as u explain the diagramatic representation of bandwagon effect u dint explain how we get market demand curve. u should explain the inverse relation here and the price effect also
Hello Sharon, yes, this is also an example of snob effect. Kindly stay tuned to our channel. For any further assistance kindly contact us via mail: ecopedia02@gmail.com or WhatsApp: 9051981561. Telegram channel: t.me/economicspediatelegram Thank you very much for your support. Also, subscribe to our channel if you haven't done it already!
