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प्रश्न
Milk is used for making curd, sweets and chocolates.
What type of demand does milk have? Give a reason.
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उत्तर
Milk has a composite demand since it has several uses and can be produced into multiple products such chocolates, sweets, curd, etc.
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संबंधित प्रश्न
When the income of the consumer falls the impact on a price-demand curve of an inferior good is: (choose the correct alternative)
a. Shifts to the right.
b. Shifts of the left.
c. There is upward movement along the curve.
d. There is downward movement along the curve
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
Write whether the following statement is True or False:
Demand for commodities depends upon various factors.
State whether the following statement is TRUE and FALSE
Demand curve slopes upward from left to right.
State whether the following statement is TRUE and FALSE
Quantity demanded varies directly with price.
Fill in the blank using appropriate alternatives given below
The demand for perishable goods is _______
State whether the following statement is true or false. Give reasons for your answer :
X and Y are complementary goods. A fall in the price of Y will result in a rise in the price of X.
If the price of good X rises and it leads to an increase in demand for good Y, both are ______ goods.
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Increase in price of substitute goods leads to ______
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If the increase in demand is greater than the increase in supply, then equilibrium price will ______
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Which of the following is correct?
Which of the following statements is true?
Read the case study and answer the questions 97 to 100:
The Coca-Cola Company is an American multinational beverage company, with its headquarters in Atlanta, Georgia. The first company that conducted its operation in the soft drink industry was Coca-Cola. It is the world's largest non-alcoholic beverage company serving more than 1.8 billion consumers daily in more than 200 countries. It has a portfolio of more than 3,500 (more than 800 no or low-calorie) products. However, the company is best known for its flagship product Coca-Cola which was originally intended to be a patented medicine invented in 1886 by pharmacist John Smith Pemberton in Columbus, Georgia. The Coca-Cola products can be termed as normal goods and in August 2019 Coca-Cola introduced a new product into the market, that is, zero sugar where the demand has increased for the product in the market.
According to the council of the Australian Food Technology Association and Institute of Food Science and Technology, the Australian nonalcoholic beverages industry has been growing steadily, with a 2.3 percent increase in overall production in the year 2000 which amounts to 2.25 billion liters. However, in the re~ent years, sales of customary carbonated soft drinks have dropped as more and more customers become health conscious and move away from high-calorie sugary drinks. Soft Carbonated drinks. and other alcohol-free beverage manufacturers have also sensed the effects of intensifying competition from private-label soft drink makers. Nevertheless, sales of greater value energy and sports drinks have driven profit generation in the industry.
The demand. for coca-cola has ______
In an open economy, Aggregate Demand is estimated as:
Demand must always be expressed along with ______.
Demand for air or sunlight is not considered in economics because ______.
Micro view of demand relates to ______.
