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The demand curve for goods of ostentation is usually

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Economics WAEC 2022

The demand curve for goods of ostentation is usually

  • negatively sloped
  • positively sloped checkmark
  • vertical
  • horizontal

The correct answer is: 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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