In economics American economist Gary Becker has argued that the bandwagon effect is powerful enough to flip the demand curve to be upward sloping. A typical demand curve is downward sloping—as prices rise, demand falls. However, according to Becker, an upward sloping would imply that even as prices rise, the demand rises.
in economics american economist gary becker has argued that the bandwagon effect is powerful enough to flip the demand curve to be upward sloping a typical demand curve is downward sloping—as prices rise demand falls however according to becker an upward sloping would imply that even as prices rise the demand rises