The demand curve for goods of ostentation is usually

  • A negatively sloped
  • B positively sloped
  • C vertical
  • D horizontal
jamb 2022economics

The correct answer is B. positively sloped

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.

Previous question Next question