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Questions
What is composite demand?
Explain the following:
Composite Demand
Explain
Short Answer
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Solution
The demand for a commodity that can be put to several uses is known as composite demand when it can be used for several alternative purposes. For example, coal can be used for heating, cooking, and operating railway engines. It is a case of composite demand.
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Chapter 2: Demand and Law of Demand - TEST QUESTIONS [Page 2.21]
