Question

With the rise in demand of car damand of petrol also rises here the demand of petrol is xample of joint demand or derived demand?

Answer 1

Heya...

See here for your answer...

In the question.

With the rise in demand of car the petrol demand is also rise because..

Car and petrol are complement to each other and also the jointed goods...

Usage of one good will create the way to use the other one..

So. it is an example of derived demand..

Thank you...

Answer 2

joint demand refers to the relationship between two or more commodities or services when they are demanded together. There is joint demand for cars and petrol, pens and ink, tea and sugar, etc. Jointly demanded goods are complementary.