Maharashtra State BoardHSC Arts 12th Board Exam
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Distinguish Between Joint Demand and Composite Demand. - Economics

Distinguish between  Joint demand and Composite demand. 

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Solution

Joint demand and Composite demand.

Basis of Difference Joint demand Composite demand
Meaning When two or more goods are jointly demanded to satisfy single need When the goods are demanded to satisfy several needs at a time
Example Demand for complementary goods Demand for electricity
Concept: Types of Demand
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