the demand for tea, milk and sugar is _____ demand. fill in the blanks
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Market demand
Explanation:
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The demand for tea, milk and sugar is Complimentary demand
Explanation:
- Complimentary demand is a situation where the demand of one product is influenced by the demand of the other product.
- Here, the goods – tea, milk and sugar are complimentary and are often used together.
- The change in demand of tea (positive or negative) will change the demand in other complimentary goods respectively.
- This is because each product cannot be used without the other on daily basis, this derived the demand.
TO KNOW MORE:
What is demand curve?
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