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प्रश्न
Demand for milk is an example of composite demand.
पर्याय
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.
State whether the following statements are True or False with reason:
Demand for medicine is inelastic.
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Types of demand:
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What does 'composite demand' mean?
For normal goods, how does demand change with rising income?
