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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 expansion in demand and increase in demand.
Define or explain the following concepts (Any THREE):
Individual demand
Distinguish between Joint demand and Composite 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:
Useful products:
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 is market demand?
Which goods are in joint demand?
