alleryMatch Veblen goods: 1. Veblen: p. Quality 2. Class: q. Leisure 3. Show: 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 introduced conspicuous consumption in 1899, showing how the leisure class buys high-priced luxury goods for display.
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