Indentify and explain the concept. (any 2) (4 Marks)
1) Vijay, who is fond of gardening demanded Pot, Manure and seedlings together
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Gardening is the practice of growing and cultivating plants as part of horticulture. In gardens, ornamental plants are often grown for their flowers, foliage, or overall appearance; useful plants, such as root vegetables, leaf vegetables, fruits, and herbs, are grown for consumption, for use as dyes, or for medicinal or cosmetic use. Gardening is considered by many people to be a relaxing activity.
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- The concept mentioned over here is is joint demand or complementary demand.
- We can see over here that Vijay who is fond of gardening demanded pot manure and seedlings.
- When two or more goods are jointly demanded at the same time to satisfy a single want of a consumer it is called a joint or complementary demand. It shows the relationship between two or more commodities or services when they are demanded together.
- For example, when a kid wants a sharpener and a pencil for writing purposes, this demand is called joint demand.
- A pencil without a sharpener is useless and vice versa.
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