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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
Distinguish between the following:
Direct demand and Indirect demand.
Define or Explain the concept
Perfectly elastic demand
Explain the following concept:
Market demand schedule
Write short note:
Concept of demand
Distinguish between:
Joint/complementary demand and competitive demand.
Identity the pair of goods which are substitutes of each other:
An increase in the price of electricity will cause the demand for electric appliances to ______.
What does 'composite demand' mean?
Which statement explains price demand?
For normal goods, how does demand change with rising income?
