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Topic: Miscellaneous
Number of pages / Number of words: 3 / 678
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This is not the case with all demand curves. There are a few cases that do the opposite and have an upward slope. An example of this graph is shown below.

The most important example of this exception in demand curves is provided by the demands for food such as bread, rice, corn, and potatoes in countries with very low living standards...


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Most of the families income would go towards food. In conditions like these, an increase in the price of a food could lead to an increase in the quantity demanded. If the families income remains the same then people with have to buy the same amount of food products for their family to survive. They would have to sacrifice money from being spent on other items...


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