Which of the following is not a reason for abnormal deman...
Which of the following is not a reason for abnormal demand?
Price of the commodity
Goods of ostentation
Giffen goods
Rare commodity
Correct answer is C
An uncommonly high product demand that is outside the normal parameters established by the management policy is called anAbnormal Demand.
A Giffen good, in economic theory, is a good that is in greater demand as its price increases. For example, if the price of an essential food staple, such as rice, rises it may mean that consumers have less money to buy more expensive foods, so they will actually be forced to buy more rice.
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