2 ms·
I think "B" might be closest, though I don't know if I would have phrased it that way. If a certain good becomes accessible to more people, it no longer has th
by jlcx 15y ago
I think "B" might be closest, though I don't know if I would have phrased it that way. If a certain good becomes accessible to more people, it no longer has the same signalling effect, so a replacement good must be found. I don't know if most wealthy people are terribly upset by this, though it might be upsetting to people who spent more than they could afford on a "signaling good" that subsequently became much cheaper.