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प्रश्न
Demand for milk is an example of composite demand.
विकल्प
True
False
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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.
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संबंधित प्रश्न
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A commodity which can be put to several uses.
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State with reasons whether you agree or disagree with the following statements:
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What is market demand?
What does 'composite demand' mean?
For normal goods, how does demand change with rising income?
