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Banking Computers Science SBI Clerk Assistant Exam Held on 21-02-2015

  • question_answer
    When CD players are introduced and IPOD came in the market the demand for Walkman down. This is an example of______.

    A)  Latent Demand

    B)         Overfull Demand

    C)  Negative Demand

    D)  Irregular Demand

    E)  Declining Demand

    Correct Answer: E

    Solution :

    [e] Declining demand is when demand for a product, is decline. For example, when CD players were introduced and IPOD came in the market, the demand for Walkman went down. Although there was still a demand for the product the demand was a declining demand.


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