normal goods
giffen goods
ostentatious goods
capital goods
Explanation
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The correct answer is ostentatious goods( jewelry, luxurious cars etc it's termed as show off goods. Ostentatious goods have positive relationship with the price of the commodity, while giffen goods have negative relationship with the income of the consumer. Normal goods have negative relationship with the prices of the goods in questions. Capital goods are goods purchased for further production e.g machinery etc Thanks 🙏. So, Myschool, the answer is ostentatious goods.
A demand that is positively related to price is true of *Giffen goods*.
Definition
Giffen goods are a type of inferior good where an increase in price leads to an increase in demand, defying the typical law of demand.
Characteristics
1. *Inferior goods*: Giffen goods are often considered inferior or staple goods.
2. *Increase in demand with price*: As the price rises, demand increases, and vice versa.
Giffen goods are rare and typically associated with specific economic conditions, such as poverty or limited substitution options.
The ans is A because it is positively related to price not about negative related to price
Ostentatious goods have positive slope
Giffen or inferior goods have positive slope
Both have abnormal demand so there are 2 correct option
