We could use the term "snob effect" to describe which of the following situations?
A)I get great satisfaction from collecting Soviet-era posters because few people have them.
B)I purchase the same e-mail software package as all of my friends and family so that we can exchange both mail and advice on technical information.
C)I purchase more chocolate bars when the price of chocolate bars falls.
D)I decide to purchase a good because a politician suggests it.

Question

Quizplus · Accepted Answer

The "snob effect" describes a situation where an individual prefers a good or service because it is rare or exclusive, making them feel superior or unique. Choosing to collect Soviet-era posters because few people have them fits this description. The "snob effect" refers to the idea that individuals value a good or service more highly when it is rare or exclusive. In this scenario, the individual derives satisfaction from collecting Soviet-era posters precisely because they are not common.

We Could Use the Term "Snob Effect" to Describe Which