alleryMatch Veblen luxury: 1. Veblen: p. Diamond 2. Status: q. High fee 3. Luxury: r. Prestige
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
Thorstein Veblen described luxury goods like diamonds and gold where higher prices increase prestige appeal and demand.
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