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An exceptional demand curve can result from

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Economics JAMB 2024

An exceptional demand curve can result from

  • increase in price of raw materials
  • change in taste of consumer checkmark
  • increase in the size of the population
  • expectation of future price increase

The correct answer is: B

Explanation

An exceptional demand curve can result from a change in the taste of consumers. When there is a shift in consumer preferences or a change in their tastes, it can lead to a significant and sudden change in the demand for a particular product. This can result in an exceptional demand curve, where the quantity demanded at each price point differs significantly from the previous demand curve.
For example, if a new trend or fashion becomes popular among consumers, the demand for related products may increas dramatically, causing an exceptional demand curve. Similarly, if there is a sudden decline in the popularity of a product due to changing tastes, it can result in an exceptional demand curve with lower quantities demanded at each price level.

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