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Source: Suzanna Kapner and Ryan Dezember, Neiman Marcus Finds Even Wealthy Shopper Want Better Deals, Wall Stre What does the article mean by snob appeal?
Source: Suzanna Kapner and Ryan Dezember, "Neiman Marcus Finds Even Wealthy Shopper Want Better Deals," Wall Stre What does the article mean by "snob appeal"? Is there an economic explanation for it? Briefly explain. O A. Snob appeal is when a good is more desirable because fewer people can afford to buy it. O B. Snob appeal occurs when a good's usefulness increases with the number of consumers who buy it. O C. The term "snob appeal" is used to describe a good that is also used by celebrities. O D. This is when a good's price is high due to its demand rather than its costs. Why
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