In the case of ________, consumers dislike the product and may even pay a price to avoid it.
A) nonexistent demand
B) overfull demand
C) irregular demand
D) negative demand
E) declining demand

Question

Quizplus · Accepted Answer

Negative demand refers to a situation where consumers actively dislike a product and may go out of their way to avoid it. This differs from non-existent demand, where consumers are simply unaware of a product, or declining demand, where consumer interest in a product decreases over time. Overfull demand refers to a situation where demand for a product exceeds supply, and irregular demand refers to unpredictable fluctuations in consumer demand.

In the Case of ________, Consumers Dislike the Product and May