Advertisements
Advertisements
प्रश्न
Milk is used for making curd, sweets and chocolates.
What type of demand does milk have? Give a reason.
Advertisements
उत्तर
Milk has a composite demand since it has several uses and can be produced into multiple products such chocolates, sweets, curd, etc.
APPEARS IN
संबंधित प्रश्न
Define demand. Name the factors affecting market demand.
Demand deposits include (choose the correct alternative)
(a) Saving account deposits and fixed deposits
(b) Saving account deposits and current account deposits
(c) Current account deposits and fixed deposits
(d) All types of deposits
If due to fall in the price of good X, demand for good Y rises, the two goods are : (Choose the correct alternative)
a. Substitutes
b. Complements
c. Not related
d. Competitive
Demand for electricity is elastic.
Fill in the blank with appropriate alternatives given in the bracket:
The law of demand states ________ relation between demand and price.
Match the following:
|
Group A
|
Group B
|
|
1. Demand and price
|
a. Substitute goods
|
|
2. Tea and coffee
|
b. Inverse relation
|
|
3. Inferior goods
|
c. Joint demand
|
|
4. Factors of production
|
d. Distribution of income
|
|
5. Pen and ink
|
e. Composite demand
|
|
|
f. Giffen goods
|
|
|
g. Indirect demand
|
State whether the following statement is TRUE and FALSE
Desire means demand.
State whether the following statement is TRUE and FALSE
Law of demand is explained by Prof. Robbins.
Answer the following question:
Elaborate the law of demand, with the help of a hypothetical schedule.
Which of the following points relates to the transaction demand for money?
There is a sudden change in climatic conditions resulting in hot weather. Assuming no change in the price of the cold drinks, it will lead to ______
Identify the market form which has indeterminate demand curve:
Which of the following statements is true?
If there is no change in the demand for commodity X, even after a rise in its price, then its demand is ______
In an open economy, Aggregate Demand is estimated as:
Assertion (A): Demand deposits are not legal tenders.
Reason (R): They are with the bank, so only can be used as a legal tender when cheques are issued for the transfer.
Which of the following is an example of effective demand?
Demand for air or sunlight is not considered in economics because ______.
