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A Demand Which Gives Rise To The Reverse Of The Law Of Demand Is? - Erudites Academy

A demand which gives rise to the reverse of the law of demand is?

by | Jan 7 | Economics WAEC | 0 comments

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Correct Answer: Option C

C. Abnormal demand

Explanation

A normal demand curve slopes downward from left to right indication. Its lower price more will be demand but the Abnormal demand curve slopes upward from left to right indications, It higher price more will be demanded which gives reverse.

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