Question

Intersection between aggregate demand and aggregate supply curves determines the point of _________ demand. (composite / complementary / joint / effective), Fill in the blank with appropriate alternative given in the bracket.

Answer 1

Answer:

effective

Explanation:

Intersection between aggregate demand and aggregate supply curves determines the point of effective demand.  (composite / complementary / joint / effective)

In economics, effective demand (ED) in a market is the service or demand for a product that occurs when buyers are bound in a different market. This contrasts with traditional demand, which is demand when buyers are not bound in another market.