Question

Goods whose demand is proportional to price are called
A) inferior goods B) Veblen goods C) normal goods D) exclusive goods

Answer 1

Answer:

The correct option is -B Veblen goods

Explanation:

veblen goods are type of luxury goodsnfor which the quantity demand increases as the demand for the product increases the price too increases

it can be said as an contradiction of the law of demand

Answer 2

Answer:

B) Veblen goods