The trickledown theory of consumption is that elites distinguish themselves from others by their cultural tastes.

Name: The trickledown theory of consumption is that elites distinguish themselves from others by their cultural tastes.
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Quizplus · Accepted Answer

The trickledown theory of consumption actually refers to the idea that trends and behaviors start among the upper class and then spread to the lower classes, not specifically about elites distinguishing themselves through cultural tastes.

The Trickledown Theory of Consumption Is That Elites Distinguish Themselves