Advertisements
Advertisements
Questions
Give the meaning of joint demand.
Define joint demand.
Solution
When two or more goods are demanded together, it is called joint demand. It exists when two or more goods are equired together to satisfy a particular want. Joint demand is also called complementary demand.
Example:
- Demand for printers and inks. Printers need ink to function.
- Another example is car and petrol.
- Mobile and Sim card is also a good example of joint demand.
RELATED QUESTIONS
Expansion of demand and Increase in demand.
Distinguish between Individual demand and Market demand.
Distinguish between the following:
Direct demand and Indirect demand.
Write short note:
Giffen's paradox
Explain any four types of demand.
Complete the correlation.
Direct demand : Food and Mobiles : ______ : Land and Labour.
Distinguish between:
Joint/complementary demand and competitive demand.
Find the odd word out:
Direct demand:
Find the odd word out:
Types of demand:
Which is meant by derived demand?
