During a community event, a group of attendees showcases their expensive clothing and luxury accessories. Which of the following statements best explains how their consumption choices might communicate their social status to others in the context of conspicuous consumption?

Conspicuous consumption is when people buy and show off expensive items to show their wealth and social status. When attendees at a community event wear luxurious clothing and accessories, they are not just dressing for themselves; they are also trying to impress others and signal their high social standing. For example, if someone wears a designer handbag that costs thousands of dollars, they might be trying to communicate that they can afford such luxury, which can influence how others perceive them. This behavior often leads people to believe that those who display these items have more power or prestige in society. Therefore, their choices in clothing and accessories serve as a way to showcase their wealth and influence in a visible manner.