yes they do or you just buy less
Goods that signal wealth can also serve other purposes as well. Purchasing less X so you can afford Y might have other drawbacks, even if it more effectively signals wealth.
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Price of rice goes up. You can't afford as much meat now, so you buy more rice. High rice prices have made body fat a signal of wealth, so you buy more rice to gain weight. Rice is Giffen and Veblen.
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