snob effect

noun

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.

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Meanings

nounsnob effect (plural snob effects)

plural snob effects

  1. economicsThe 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.
Cite this entry
APA

snob effect. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/snob%20effect

MLA

“snob effect.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/snob%20effect. Accessed November 3, 2026.

Chicago

WatkinsX Dictionary, s.v. “snob effect,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/snob%20effect.

Source: snob effect on Wiktionary, CC BY-SA 4.0.