An exceptional demand curve is one that slopes

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Q: 105 (CDS-I/2015)
An exceptional demand curve is one that slopes

question_subject: 

History

question_exam: 

CDS-I

stats: 

0,35,34,21,35,9,4

keywords: 

{'exceptional demand curve': [0, 0, 0, 1], 'slopes': [1, 0, 0, 1]}

An exceptional demand curve is one that slopes upward to the right. This means that as the price of a good or service increases, the quantity demanded also increases. This type of demand curve is uncommon because it goes against the general pattern of a downward-sloping demand curve, where as price increases, quantity demanded decreases.

Option 1, which states that the demand curve slopes downward to the right, is incorrect because this describes a regular demand curve. Option 3, which states that the demand curve slopes horizontally, is also incorrect because this represents a perfectly elastic demand, where quantity demanded remains the same regardless of price. Option 4, which states that the demand curve slopes upward to the left, is incorrect because this represents a negatively sloped demand curve, which is also not exceptional.

Therefore, the correct answer is option 2, which correctly describes an exceptional demand curve that slopes upward to the right.

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