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 typical for luxury goods like Eternity perfume, where demand initially increases with price due to perceived prestige, but eventually decreases as the price becomes too high.

Which of the Following Products Is Most Likely to Have