In economics, a Veblen good is an item which people buy in greater quantity when the price goes up  <b> According to the Law of Supply and Demand, when the price of an ordinary item goes up, demand drops, i  e  people buy fewer of them  </b> A Veblen good is a luxury item to which status is attached, such as a designer outfit or luxury car  As the price of such an item increases, its prestige increases, which makes the item that much more desirable
<b> Ttherefore, as the price increases, the demand also increases, and more of these items are sold
The first is an ironic description of what could happen in the marketplace; the second is a more realistic description of what actually happens.