General Studies · Managerial Economics
Many consumers seek to be different and exclusive by demanding less of a commodity as more people consume it. This is called:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Snob effect✓
- 2Veblen effect
- 3Substitution effect
- 4Bandwagon effect
Correct answer
Snob effect
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