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The demand for a commodity which can be put to several uses is known as ______. - Economics

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Question

The demand for a commodity which can be put to several uses is known as ______.

Options

  • Joint Demand

  • Composite Demand

  • direct demand

  • derived demand

MCQ
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Solution

The demand for a commodity which can be put to several uses is known as composite demand.

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Chapter 3.1: Demand Analysis - Complete the following statements

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SCERT Maharashtra Economics [English] 12 Standard HSC
Chapter 3.1 Demand Analysis
Complete the following statements | Q 1
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