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What is composite demand? - Economics

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प्रश्न

What is composite demand?

Explain the following:

Composite Demand

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लघु उत्तरीय
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उत्तर

The demand for a commodity that can be put to several uses is known as composite demand when it can be used for several alternative purposes. For example, coal can be used for heating, cooking, and operating railway engines. It is a case of composite demand.

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अध्याय 2: Demand and Law of Demand - TEST QUESTIONS [पृष्ठ २.२१]

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