Conspicuous consumption refers

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Conspicuous consumption refers to:

a. the increasing expenditure on consumer durables when the stock of consumer durables held by consumers is low.

b. the increase in consumption brought on by an expected increase in inflation.

c. expenditure on high-ticket items and status symbols to reflect one's status or wealth.

d. the ability of the wealthy both to consume more and save more than poorer classes.

Reference no: EM13861536

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