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Example of Derived demand, For building a house, the demand of Painter, labour, artisans, Bricks, Cements automatically increases. Cross Demand isthe ratio of percentage change in quantity demanded of a product to percentage change in price of a related product. Composite demand happens when goods or services have more than one use so that an increase in the demand for one product leads to a fall in supply of the other. E.g. milk which can be used for cheese, yoghurts, cream, butter and other products . Joint demand occurs when demand for two goods is interdependent. For example, it is no good having a printer without the ink to go with it.
The company announced that it will be launching a new series of eco-friendly products, which aimed to reduce plastic waste by 50%.
Identify the best way to improve the underlined part of the given sentence. If there is no improvement required, select 'no improvement'.
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News about the surge in Covid-19 cases is broadcasted every morning.