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Fill in the Blank with Appropriate Alternatives Given Below: Indirect Demand is Also Known as _____________ Demand. - Economics

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प्रश्न

Fill in the blank with appropriate alternatives given below:

Indirect demand is also known as _____________ demand.

विकल्प

  • derived

  • direct

  • composite

  • joint

MCQ

उत्तर

Indirect demand is also known as derived demand.

Explanation:

When goods are demanded so that they can be used in the production of some other commodity, it is called indirect or derived demand. In other words, such demand is derived as a result of the demand/consumption of some other commodity. Cement, for example, has indirect/derived demand as a result of demand for construction of buildings.

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अध्याय 3: Demand Analysis - Exercise 1 [पृष्ठ २४]

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मायकल वाझ Economics [English] 12 Standard HSC
अध्याय 3 Demand Analysis
Exercise 1 | Q 1.5 | पृष्ठ २४

वीडियो ट्यूटोरियलVIEW ALL [3]

संबंधित प्रश्न

Demand for necessaries is................

(elastic / inelastic / infinitely elastic / unitary elastic)


Demand for perishable goods is inelastic.


Demand for a good is termed inelastic through the expenditure approach when if (choose the correct alternative)

a) Price of good falls, expenditure on it rises

b) Price of the good falls, expenditure in it falls

c) Price of the good falls, expenditure on it remains unchanged

d) Price of the good rises, expenditure in it falls


Demand deposits include (choose the correct alternative)

(a) Saving account deposits and fixed deposits

(b) Saving account deposits and current account deposits

(c) Current account deposits and fixed deposits

(d) All types of deposits


If due to fall in the price of good X, demand for good Y rises, the two goods are : (Choose the correct alternative)

a. Substitutes
b. Complements
c. Not related
d. Competitive


State the factors leading to fall in demand by an individual consumer


Define or explain the following concept :

Effective demand .


Fill in the blank using proper alternative given in the bracket:

Perfectly inelastic demand curve is.....................................................


Write short answer for the following question.

Explain the Law of Demand.


Fill in the blank using proper alternatives given in the bracket:

Demand for salt is ...............


Write whether the following statement is True or False: 

Salt has elastic demand.


Choose the correct answer:        
Demand for habitual commodity is _____________.
(a) more elastic demand
(b) less elastic demand
(c) zero elastic demand
(d) unitary elastic demand

Define or explain the concept of Demand schedule.


 Distinguish between :

 Individual demand schedule and Market demand schedule.


Write Explanatory answer.

State and explain the law of demand with its exception. 


Fill in the blank with appropriate alternatives given in the bracket: 

The law of demand states ________ relation between demand and price. 


fill in the blank with appropriate alternatives given in the bracket: 

 Demand for salt is ___________. 


Explain the following concepts or give definitions. 

Demand 


Fill in the blank with appropriate alternatives given below

When price of commodity rises, the demand for it ______________.


State whether the following statement is TRUE and FALSE

Demand curve slopes upward from left to right.


State whether the following statement is TRUE and FALSE

Quantity demanded varies directly with price.


Define or explain the following concept:

Direct demand


Give reason or explain the following statement.

Demand for factors of production is derived demand.


Do you agree with the following statement? Give reason

Many factors influence the demand for a commodity.


Fill in the blank using appropriate alternatives given below

The demand for perishable goods is _______


Answer the following question.
Discuss the relationship between the income of the consumer and demand for a commodity with respect to normal goods, inferior goods, and necessities.


Distinguish between substitute goods and complementary goods, with examples.


Good X and Good Y are substitute goods. If price of Good X increases, discuss briefly its likely impact on the demand for Good Y.


Choose the correct answer from given options

In the given figure X1Y1 and X2Yare Production Possibility Curves in two different periods T1 and T2 respectively for Good X and Good Y. A1 and A2 represent actual outputs and P1 and Prepresent potential outputs respectively in the two times periods.

The change in actual output of Goods X and Y over the two periods would be represented by a movement from __________. 


If the price of good X rises and it leads to an increase in demand for good Y, both are ______ goods.


Law of demand states the ______ relationship between price and quantity demanded.


Which of the following points are related to the 'Paradox of Thrift'? 


Are the concepts of demand for domestic goods and domestic demand for goods the same?


If the increase in demand is greater than the increase in supply, then equilibrium price will ______


Area under MC curve is equal to:


Which of the following statements is true?


Which of the following can cause an increase in demand:


Which of the following statements is correct with respect to the correction of Excess Demand?


Which of the following statements is true?


Which of the following statement is true?


The demand curve of a firm under monopoly is ______


Which of the following is the reason behind the downward slope of demand option?


When the price of the commodity has changed the demand for the commodity changes in ______


Which of the following statements is true?


Read the case study and answer the questions 97 to 100:

The Coca-Cola Company is an American multinational beverage company, with its headquarters in Atlanta, Georgia. The first company that conducted its operation in the soft drink industry was Coca-Cola. It is the world's largest non-alcoholic beverage company serving more than 1.8 billion consumers daily in more than 200 countries. It has a portfolio of more than 3,500 (more than 800 no or low-calorie) products. However, the company is best known for its flagship product Coca-Cola which was originally intended to be a patented medicine invented in 1886 by pharmacist John Smith Pemberton in Columbus, Georgia. The Coca-Cola products can be termed as normal goods and in August 2019 Coca-Cola introduced a new product into the market, that is, zero sugar where the demand has increased for the product in the market.

According to the council of the Australian Food Technology Association and Institute of Food Science and Technology, the Australian nonalcoholic beverages industry has been growing steadily, with a 2.3 percent increase in overall production in the year 2000 which amounts to 2.25 billion liters. However, in the re~ent years, sales of customary carbonated soft drinks have dropped as more and more customers become health conscious and move away from high-calorie sugary drinks. Soft Carbonated drinks. and other alcohol-free beverage manufacturers have also sensed the effects of intensifying competition from private-label soft drink makers. Nevertheless, sales of greater value energy and sports drinks have driven profit generation in the industry.

What has happened to the demand of zero sugar carbonated drinks?


Which of the following statements is true?


Assertion (A): Demand deposits are not legal tenders.

Reason (R): They are with the bank, so only can be used as a legal tender when cheques are issued for the transfer.


Milk is used for making curd, sweets and chocolates.

What type of demand does milk have? Give a reason.


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