choose the correct option
two or more goods demanded jointly to satisfy single want
a direct demand
b aggregative method
c slicing method
d inclusive method
Answers
Answer:
joint demart or complementary demand
Answer: Two or more goods demanded jointly to satisfy single want is known as joint or complementary demand.
Explanation:
Step1. It refers to the demand for two or more goods/services, which is either consumed jointly or demanded together.
The demand for a final item is referred to as direct demand. Food, clothing, and cell phones are examples. It is also known as autonomous demand since it is unrelated to the demand for other items. Derived demand is demand for a product resulting from the use of others.
Step 2. Joint Demand : When two or more goods are demanded jointly to satisfy a single need it is known as joint demand. For example : to make tea water sugar tea powder milk etc. is jointly demanded. The demand for complementary goods is joint demand.
Step3. Demand is the consumer's desire to purchase a particular good or service. Market demand is the demand for a particular good in the market. Aggregate demand is the total demand for goods and services in the economy. Demand and supply match determines the price of the good or service. Understanding the concept of demand.
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