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10. In recent news, there has been a surge in the demand for luxury watches despite a significant increase in their prices. This phenomenon can

10. In recent news, there has been a surge in the demand for luxury watches despite a significant increase in their prices. This phenomenon can be best explained by A. A decrease in consumers' income, making luxury watches more affordable. B. The widespread availability of affordable alternatives to luxury watches. C. The perception of luxury watches as Veblen goods. X D. Government subsidies that make luxury watches more affordable for consumers.

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