One of the reason for an exceptional demand curve is the?
Answer Details
One of the reasons for an exceptional demand curve is the expectation of a future change in price.
An exceptional demand curve is one that is not typical of most demand curves. It occurs when consumers are willing to pay more for a product or service, even as the price of that product or service increases. This is in contrast to a typical demand curve, which shows that as the price of a product or service increases, the quantity demanded decreases.
The expectation of a future change in price can cause an exceptional demand curve. If consumers believe that the price of a product or service will increase in the future, they may be willing to pay more for it now in order to avoid paying even more later. This can cause the demand curve to shift upwards, as consumers are willing to pay a higher price for the product at every quantity.
For example, if consumers believe that the price of a new video game console will increase in the future, they may be willing to pay more for it now in order to avoid paying even more later. This can cause the demand curve for the video game console to shift upwards, as consumers are willing to pay a higher price for the console at every quantity.