coolayman4173 coolayman4173

13-01-2020
Business

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The situation in which a person places greater value on a good as fewer and fewer people possess it is called the

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BenitoMarin BenitoMarin

13-01-2020

Answer:

The correct answer is: Snob effect.

Explanation:

The Snob effect is a phenomenon that tries to explain why the demand for a good or service increases in the high-income sector while it decreases substantially in the low-income sector. This scenario is created when people need access to rare or exclusive goods or services.

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