What Is Abnormal Demand Exceptional or Abnormal Demand is a demand pattern which does not abide by the law of demand and therefore gives rise to the reverse of the basic law of demand which states that
Abnormal demand refers to unexpected surges or drops in product demand that deviate significantly from historical patterns This phenomenon can stem from various factors In such a rare instance the quantity of a commodity demanded increases as the prices increase and vice versa Such rare occasions are what is referred to as abnormal
What Is Abnormal Demand
What Is Abnormal Demand
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What Is Abnormal Demand YouTube
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Abnormal demand is associated with rare or luxury goods basic and inferior goods Its curve does not slope downwards from left to right like the normal demand curve When there is a sudden surge in demand for a product it is referred to as abnormal high demand This can happen due to various reasons such as a sudden increase in popularity a marketing
Demand is the ability and willingness of a consumer to consume a given product while supply is the ability of a producer to make a certain product available for consumption Abnormal supply What is irregular demand Many organizations face demand that varies on a seasonal daily or even hourly basis causing problems of idle or overworked capacity The
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b i What is an abnormal demand ii Give two reasons for its occurrence This question was not popular with the candidates as it was avoided by many It was evident that candidates Abnormal demand It is a situation in which people buy more and more goods as their prices increase Therefore the abnormal demand curve slopes upward from left to right
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Exceptional or Abnormal Demand is a demand pattern which does not abide by the law of demand and therefore gives rise to the reverse of the basic law of demand which states that
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Abnormal demand refers to unexpected surges or drops in product demand that deviate significantly from historical patterns This phenomenon can stem from various factors
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What Is Abnormal Demand - When there is a sudden surge in demand for a product it is referred to as abnormal high demand This can happen due to various reasons such as a sudden increase in popularity a marketing
