Advertisements
Advertisements
प्रश्न
Demand for milk is an example of composite demand.
पर्याय
True
False
उत्तर
This statement is True.
Explanation:
Demand for milk is an example of composite demand, which occurs when a good is demanded for multiple different uses. Milk is a good example of this, as it is used for direct consumption and in the production of various other products like cheese, butter, yogurt, and other dairy products.
APPEARS IN
संबंधित प्रश्न
Distinguish between Individual demand and Market demand.
Define or Explain the concept
Perfectly elastic demand
Write short note:
Giffen's paradox
Give an economic term:
A commodity which can be put to several uses.
Complete the correlation.
Direct demand : Food and Mobiles : ______ : Land and Labour.
Find the odd word out:
Useful products:
Distinguish between derived demand and composite demand.
Identify and explain the following concept:
Due to mandatory use of masks during corona epidemic the demand for mask-producing labour has increased.
Define composite demand.
The demand for goods which can be put to several uses is known as ______.
