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.
Which dance form is popular in the Bundelkhand region of Uttar Pradesh?
What is the current SLR(Statutory Liquidity Ratio)?
Which is the state sport of Haryana?
When do we observe Veer Bal Diwas in the month of December in India?
The ninth Army to Army Staff Talks were held in which city between the two countries India and Australia?
Recently, which of the following states has launched the Nalaya Thiran Skills Program for college students?
Which of these districts of Haryana does not covers under Shivalik range?
Chhatrapati Shahuji Maharaj (King George's) Medical University is located in which district of Uttar Pradesh?
Under the Pradhan Mantri Suryodaya Yojana, what percentage of the cost of installing solar power systems is now covered by the government?
Who has been appointed as the Prime Minister of the country Somalia?
