The demand curve for goods of ostentation is us... - JAMB Economics 2022 Question
The demand curve for goods of ostentation is usually
A
negatively sloped
B
positively sloped
C
vertical
D
horizontal
correct option: b
Option B is the correct answer.
Ostentation goods are expensive items like jewellery, gold watches, etc. The quantity demanded increases as the price rises. As a result, there is a positive relationship between price and quantity demanded.
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