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प्रश्न
Distinguish Between
Joint/Complementary demand and Composite demand
उत्तर
| Sr. No. | Joint/ Complementary Demand | Composite Demand |
| 1. | When two or more goods are demanded jointly to satisfy one single want, it is known as joint or complementary demand | The demand for a commodity which can be put to several uses is known as composite demand. |
| 2. | E.g.: car and petrol, pen and refill, mobile and charger | E.g.: electricity can be used to satisfy the want to watching TV, using washing machine, charging mobile phone etc. |
| 3. | The demand for products having complementary demand is relatively elastic i.e. a change in price of one commodity will affect the demand for the other. | The demand for a product having composite demand is relatively inelastic i.e. a change in price will not affect the demand of the commodity. |
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संबंधित प्रश्न
The relationship between demand for a good and the price of its substitute is ______.
Complete the following statement:
When less units are demanded at high price it shows ______.
Give economic term:
More quantity is demanded due to changes in the factors determining demand other than price.
Give an economic term:
A desire which is backed by willingness to purchase and ability to pay.
Observe the given diagram and answer the following questions:
- The rightward shift in demand curve ______.
- Leftward shift in demand curve ______.
- Price remains ______.
- An increase and decrease in demand come under ______.
Demand curve : ______ :: Supply curve : Upward
Tea and coffee : ______ :: Electricity : Composite demand
Steeper demand curve : Relatively inelastic demand :: Flatter demand curve: ______.
Total demand for a commodity from all the consumers at a given price during a given period of time −
Demand for a commodity which can be put to several uses −
Find the odd word
Types of demand -
Identify & explain the concept from the given illustration.
Kaushik purchased 10 kgs of wheat for his monthly consumption at ₹ 40/- per kg.
Identify & explain the concept from the given illustratio.
Aman purchased sewing machines and furniture for his tailoring shop.
Identify & explain the concept from the given illustration.
Manish purchased 100 metres of cotton textile to produce readymade shirts at his garment factory.
Distinguish Between
Individual demand schedule and Market Demand Schedule
Distinguish Between
Demand curve and Supply Curve
State with reason whether you agree or disagree with the following statement:
All desires are demand.
The demand for a commodity which can be put to several uses is known as ______.
Identify and explain the concept from the given illustration:
Unemployed poor individual wishes to have branded costly wrist watch.
