A Demand Analysis — Economics STD 12 Commerce / Arts — Question

1. Normal demand curve represents the law of demand, which states that demand is inversely related to price.
2. The normal demand curve slopes downwards from left to right.
3. Normal goods like rice, wheat, clothes have normal demand curve.

Exceptional Demand Curve:

1. Exceptional demand curve goes against the law of demand. It represents a direct relationship between price and demand.
2. Exceptional demand curve slopes upwards from left to right.
3. Giffen’s goods, prestige goods, branded goods, habituated goods, like cigarette have exceptional demand curve.