Which of the following could provide an example of exceptional demand curve?
i. Demand for "Giffen goods"
ii. Demand based on fear of a future rise in prices
iii. Demand for second-hand clothes
iv. Demand for daily newspaper

i only

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i and ii

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ii and iii

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i, ii, iii and iv

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Solution

The correct option is A i and ii
Demand for 'Giffen' goods and demand based on fear of a future rise in prices could provide an example of exceptional demand curves and demand for second-hand clothes and daily newspaper are examples of normal goods following the law of demand.

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Similar questions

List-I	List-II
(a) Contraction of Demand	(i) Non-Price change effect
(b) Decrease in Demand	(ii) Demand curve remains the same
(c) Increase in Demand	(iii) Price change effect
(d) Expansion of Demand	(iv) Shifts the Demand curve

Explain the relationship between the following:

(i) Prices of other goods and demand for the given goods

(ii) Income of the buyers and demand for a good

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