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Crowd effect or status effect?

Exercise and reference answers

Items
  1. Item
    Bandwagon
    Category
    Join the crowd
  2. Item
    Demonstration
    Category
    Join the crowd
  3. Item
    Snob effect
    Category
    Stand apart
  4. Item
    Veblen effect
    Category
    Stand apart
Categories
  1. Item
    Join the crowd
  2. Item
    Stand apart
Instructions
Tap an effect, then tap the box it belongs in.

Explanation

_Source: ICAI BoS SM, Business Economics Ch 2 Unit 1 'Law of Demand and Elasticity of Demand'_
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