Read the following passage and answer the question.

Many companies have planned for significant investments in organized retailing in India. Several factors have prompted their decisions in this regard. Customer income is rising. People have developed a taste for better quality products even though they may have to pay more. The aspiration levels have increased. The government has also liberalized its economic policies in this regard and permitted even cent percent foreign direct investment in some sectors of retailing.

People have developed a taste for better quality products even though they may have to pay more.

Which of the following change highlighted in the above statement?

Social Change

The correct answer is option 3- Social change.

People have developed a taste for better quality products even though they may have to pay more is the social change.

This is because it reflects a change in consumer preferences, values, and lifestyle choices within society. People's willingness to spend more for better quality indicates a shift in their priorities and aspirations, which are aspects of social change.