What are the income-distribution consequences of fashion


Problem

What are the income-distribution consequences of "fashion"? Can the need to be seen driving a new car by the rich be a boon to those with lower incomes who will ultimately purchase a better, lower-priced used car as a result?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What are the income-distribution consequences of fashion
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