Which of the following products is most likely to have an inverted C-shaped demand curve?
A) Visit to the Dentist
B) Eternity perfume
C) Starbucks coffee
D) Pillsbury cake mix
E) Ford Escape

Question

Quizplus · Accepted Answer

An inverted C-shaped demand curve is often associated with luxury goods or products with a strong brand identity, where demand initially increases with price due to perceived prestige, then decreases as the price becomes too high. Eternity perfume fits this description as it is a luxury item.

Which of the Following Products Is Most Likely to Have