Question

Discuss"The concept of joint demand is of concern only for manufacturers and marketing of capital equipment"

Answer 1

The concept of joint demand

Explanation:

• Joint demand comes when there is interdependent demand for two products. For instance, having a printer without ink isn't good to go with it. Ink cartridges are likewise no use without a printer. Essentially, when you need two goods to go together the concept of joint demand is.
• In many situations, industrial customers prefer purchasing from one manufacturer rather than buying individual products from different suppliers. The individual goods needed do not have specific demand but are only necessary if the manufacturer line provides the "other" products.