Prestige products or services do not follow the
Blank
______ curve.

Question

Prestige products or services do not follow the 
Blank
______ curve.

BlackTom AI · Accepted Answer

The question states: Prestige products or services do not follow the ______ curve.
Option 1: upward-sloping demand. This would imply that as price increases, quantity demanded also increases, which is contrary to the basic law of demand for most goods, including prestige items, so this is incorrect.
Option 2: elastic demand. Elasticity describes how responsive quantity demanded is to price changes, not the general direction of the demand curve itself. Prestige goods typically do not hinge on the notion of elasticity to define the curve direction, making this choice misfocused as a curve type.
Option 3: downward-sloping demand. This is the standard shape for a normal demand curve: as price falls, quantity demanded rises, and as price rises, quantity demanded falls. Prestige products often exhibit a perceived value that makes demand respond to price changes in the conventional, downward-sloping manner, so this option aligns with the typical demand relationship.
Option 4: unitary demand. This would imply a constant elasticity of -1 across all price levels, which is a specific elasticity pattern rather than a general curve type. Prestige goods are not universally characterized by unitary elasticity, so this choice is not the general curve descriptor.
In summary, the question is asking which curve type prestige products do not follow, and among the options, only downward-sloping demand correctly describes the common direction of the demand curve. The other options misattribute the curve direction or describe a different concept (elasticity or a specific elasticity pattern) rather than the curve’s general slope.

Prestige products or services do not follow the Blank ______ curve.

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