The correct answer would be option B, Conspicuous Consumption.
John shows off hi new car and clothes to other students. He is exhibiting an example of Conspicuous Consumption.
Explanation:
When someone spends money on buying or acquiring luxurious goods or services to display his economic power to people, this is called as Conspicuous Consumption. Conspicuous Consumption can be a display of the income or the accumulated wealth of the buyer.
The most commonly Conspicuous Consumption are seen people wearing Diamonds, High End Watches, driving Rolls Royce or Bentley, etc.
So in the given question, when John shows off his new car and clothes to other students, he is actually displaying his economic power in front of his mates, which is a true example of Conspicuous Consumption.
Learn more about Conspicuous Consumption at:
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