Meaning of snob effect | Babel Free
Definitions
The 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.
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See also
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