A demand which gives rise to the reverse of the law of demand is__________
ECONOMICS
JAMB 2019
A demand which gives rise to the reverse of the law of demand is__________
- A. Derived demand
- B. Joint demand
- C. Abnormal demand
- D. Composite demand
Correct Answer: C. Abnormal demand
Explanation
normal demand curve slopes downward from left to right indication. It lower price more will be demand but Abnormal demand curve slopes upward from left to right indications, It higher price more will be demanded which give reverse.
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