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Seinfeld Economics: The Jacket

by Linda Ghent

A luxury good is a good for which demand increases more than proportionally as income rises.

 

Seinfeld: The Jacket

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Jerry springs for a very expensive suede jacket. Everyone asks what it costs, and gasps when the price is revealed.

from Seinfeld, Season 2 (1991)
Creator: Larry David & Jerry Seinfeld
Posted by Linda Ghent
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