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.
300 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…