Conspicuous goods are demanded more because of:

CA Foundation · Business Economics · MTP · January 2026
Conspicuous goods are demanded more because of:
(A) A. Low price
(B) B. Necessity
(C) C. Prestige value
(D) D. Government subsidy

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Prestige value

Topics: Theory of Demand and Supply

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