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प्रश्न
Explain with reason whether you 'agree' or 'disagree' with the following statement:
There are many types of demands.
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उत्तर
Yes, I agree to this statement. Types of Demand :
(i) Direct Demand : When a commodity is demanded to satisfy human wants directly, it is direct or conventional demand. For example, the demand for food, clothes have direct demand. Consumer goods have direct demand.
(ii) Indirect Demand : Indirect demand is also known as derived demand. When goods are demanded indirectly, i.e., to produce consumer goods, it is indirect demand. For example: the demand for factors of production is indirect demand.
(iii) Joint Demand : When two or more goods are demanded jointly to satisfy a single need, it is known as joint demand. For example : to make tea, water, sugar, tea powder, milk etc. is jointly demanded. The demand for complementary goods is joint demand.
(iv) Composite Demand : The demand for commodities, having alternative uses i.e. which is used for satisfying several want at a time, is composite demand. For example : the demand for electricity is composite demand.
(v) Competitive Demand : Competitive demand is when demand for a commodity competes with its substitutes. For example : tea and coffee have competitive demand.
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संबंधित प्रश्न
Distinguish between expansion in demand and increase in demand.
The demand for salt is _____________.
A perfectly inelastic demand curve is parallel to 'Y' axis.
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Distinguish between the following:
Direct demand and Indirect demand.
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Individual demand
Define or Explain the concept
Perfectly elastic demand
Define the following concept:
Demand
Define or explain the following concept:
Increase in demand
Explain the following concept:
Market demand schedule
Write short note:
Giffen's paradox
Write short note:
Concept of demand
Give an economic term:
A commodity which can be put to several uses.
Explain any four types of demand.
Distinguish between:
Joint/complementary demand and competitive demand.
Find the odd word out:
Direct demand:
Find the odd word out:
Useful products:
Distinguish between derived demand and composite demand.
Find the odd word out:
Types of demand:
State with reasons whether you agree or disagree with the following statements:
When price of Giffen goods fall, the demand for it increases.
Demand for milk is an example of composite demand.
Identity the pair of goods which are substitutes of each other:
Define composite demand.
An increase in the price of electricity will cause the demand for electric appliances to ______.
The demand for goods which can be put to several uses is known as ______.
Electricity is an example of ______ demand.
Which is meant by derived demand?
What is market demand?
If all families together buy 10,000 litres of milk daily, what does this number represent?
What is ex-ante demand?
Which goods are in joint demand?
On what does derived demand depend?
What does 'composite demand' mean?
Which statement explains price demand?
How does substitute goods’ demand react when the price of one rises?
