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Abnormal demand curve is a curve which slopes downwards from left to right indicating that price and quantity demanded has an inverse relationship and as price falls quantity demanded increase and as price increases quantity demanded decrease, this brings about a shift along the same demand curve

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Rozella Berge

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3y ago

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Related Questions

What causes abnormal demand curve?

Prices falling can cause abnormal demand curve. Any kind of changes to the price, production, etc. can also cause abnormal curves in demand.


What is abnormal demand curve?

Abnormal demand curve is a curve which slopes downwards from left to right indicating that price and quantity demanded has an inverse relationship and as price falls quantity demanded increase and as price increases quantity demanded decrease, this brings about a shift along the same demand curve


What is the relationship between the demand schedule and demand curve?

Simply put, demand schedule refers to a tabular representation of the quantity of a commodity demanded at various price levels. While demand curve is a graphical representation of the figures in the demand schedule. The curve is usually a line sloping downwards from left to right(except for abnormal demand).


What is the relationship between the demand curve and demand schedule?

Simply put, demand schedule refers to a tabular representation of the quantity of a commodity demanded at various price levels. While demand curve is a graphical representation of the figures in the demand schedule. The curve is usually a line sloping downwards from left to right(except for abnormal demand).


What are the factors responsible for abnormal demand curve?

Several factors can lead to an abnormal demand curve, including changes in consumer preferences, shifts in income levels, fluctuations in the prices of related goods, and variations in consumer expectations. Additionally, external factors such as advertising, government policies, and seasonal trends can also impact demand curves. These factors can cause the demand curve to shift or become more elastic or inelastic, deviating from the typical downward-sloping demand curve.


What is the opposite of normally?

Abnormal


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What is an abnormal?

As a noun, an abnormal is a person or object which is not normal.


Is it normal to be abnormal or abnormal to be normal?

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That figure is abnormal.


What part of speech is Abnormal?

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What is the present scope of abnormal psychology?

Abnormal