a kinked demand curve
a normal demand curve
an abnormal demand curve
a diminishing marginal utility curve
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Discussions (9)
the curve is abnormal not normal... if it were to be normal...it would have been a supply curve
This is abnormal... If it was a supply schedule, B would av been the appropriate answer... Remember the law of demand which states that the higher the price, the lower the qty DD and the higher the lower the price, the higher the qty demand... Beyond all reasonable doubt, C is the answer.
the correct answer is C because the demand law states that the higher the price the lower the quantity of goods bought and vice versa. So since the price is increasing with the quantity it is meant to be an abnormal demand curve.
Thank you.
Wrong again. This schedule relates to the law of abnormal demand which is a reversal of the law of demand, and it states that, the higher the price the higher the quantity demanded, the lower the price lower the quantity demanded.
