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WAEC Economics 2026 Question 43

Question 43

Theory of Demand

The demand curve for an article of ostentation is illustrated by the diagram in

Diagram for this question
  1. A.A
  2. B.B
  3. C.C
  4. D.D
Show the answer and explanation

Answer: A (A)

Explanation

Prestige goods are bought more at higher prices, so the curve slopes upward (diagram A).