2015 · Q45
An exceptional demand curve is one that slopes (a) (b)
General KnowledgeIndian Economy
- Adownward to the right
- Bupward to the right
- Chorizontally
- Dupward to the left
Explanation
A normal demand curve slopes downward to the right. An exceptional demand curve — as for Giffen goods or Veblen (prestige) goods — slopes upward to the right, meaning quantity demanded rises as price rises. The answer is B.