An exceptional demand curve can result from
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Correct Answer: Option C
Explanation:
Exceptional or Abnormal demand curve does not abide to the law of demand and it give reverse to the law of demand, which states that " At higher price, more quantity will be demanded and vice-versa" .Therefore, rise as a result of future expectation rise in price, war, consumer ignorance etc are the causes of abnornal demand curve.
Exceptional or Abnormal demand curve does not abide to the law of demand and it give reverse to the law of demand, which states that " At higher price, more quantity will be demanded and vice-versa" .Therefore, rise as a result of future expectation rise in price, war, consumer ignorance etc are the causes of abnornal demand curve.