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What does 'composite demand' mean?

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Question

What does 'composite demand' mean?

Options

  • Demand for a single use

  • Demand for a good used for multiple purposes

  • Seasonal demand only

  • Demand for luxury items

MCQ
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Solution

Demand for a good used for multiple purposes.

Explanation:

Composite demand is when a good is wanted for several different uses.

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