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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
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Correct Answer: Option B
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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