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प्रश्न
Define composite demand.
उत्तर
The demand for a commodity which can be put to several uses is known as composite demand. For example, coal can be used for heating, cooking and operating railway engine, etc. It is a case of composite demand.
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संबंधित प्रश्न
Distinguish between the following:
Direct demand and Indirect demand.
Match the following Group 'A' with Group 'B':
| Group 'A' | Group 'B' |
| (a) Electricity | (1) Joint demand |
| (b) Perfectly elastic demand | (2) Lord Keynes |
| (c) Aggregate supply | (3) Prof. Pigou |
| (d) Propensity to consume | (4) Fixed deposits |
| (e) Higher interest rate | (5) Composite demand |
| (6) Demand curve parallel to 'X' axis | |
| (7) Natural resources |
Define or Explain the concept
Perfectly elastic demand
State whether the following statements are True or False with reason:
Demand for medicine is inelastic.
Distinguish between Joint demand and Composite demand.
Write short note:
Concept of demand
Explain any four types of demand.
Identity the pair of goods which are substitutes of each other:
Give the meaning of joint demand.
The demand for goods which can be put to several uses is known as ______.
