Demonstration effect, a term coined by_________

CA Foundation · Business Economics · MTP · May 2026
Demonstration effect, a term coined by_________
(A) A. Adam Smith
(B) B. James Duesenberry
(C) C. Alfred Marshall
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. James Duesenberry

Topics: Theory of Demand and Supply

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