Categories: Economics WAEC

The demand curve for goods of ostentation is usually?

A. negatively sloped
B. positively sloped
C. vertical
D. horizontal

Correct Answer:

Option B – positively sloped

Explanation

Ostentation goods are goods that are expensive such as jewelries, gold wrist watch etc. The higher the price, the higher the quantity demanded. Therefore, the relationship between price and quantity demanded is positive

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