The demand curve for goods of ostentation is usually
ECONOMICS
JAMB 2022
The demand curve for goods of ostentation is usually
- A. negatively sloped
- B. positively sloped
- C. vertical
- D. horizontal
Correct Answer: 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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