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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
Define or Explain the concept
Perfectly elastic demand
State whether the following statements are True or False with reason:
Demand for medicine is inelastic.
Distinguish between Joint demand and Composite demand.
Write short note:
Giffen's paradox
Complete the correlation.
Direct demand : Food and Mobiles : ______ : Land and Labour.
An increase in the price of electricity will cause the demand for electric appliances to ______.
Electricity is an example of ______ demand.
If all families together buy 10,000 litres of milk daily, what does this number represent?
What is ex-ante demand?
On what does derived demand depend?
