are veblen goods high or low utility goods 
veblen goods have high utility because people are purchasing them to feel good about themselves they are paying a premium for the privilege of owning something of high quality that is out of reach for ordinary people the bottom lineveblen goods are high quality luxury items that people purchase to inflate their self esteem the high price is the point which is why demand for them increases as their price increases human nature being what it is there probably will always be a thriving market for veblen goods 