The demand curve for a luxury good is

a

negatively sloped

b

parallel to the price axis

c

parallel to the quantity axis

d

positively sloped

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Explanation

Correct Option
d

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Tubdul07
7 years ago

The answer is D.
the demand curve of a luxury good is abnormal( not abide with the law of demand) i.e large quantities are demanded at a higher price.

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