Get Started with ixamBee
Start learning 50% faster. Sign in now
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.
Aryan, Bhavya, and Chetan initiated a venture with initial investments of Rs. 50,000, Rs. 60,000, and Rs. 72,000 respectively. After six months, Aryan, ...
A student scored 40% in mathematics, 70% in science, and 60% in English. If the maximum marks in each subject are 200, what are the total marks scored b...
If 40% of 70 is x% more than 30% of 80, then find 'x'.
The only expenses of Arun are on grocery, rent and fun expenses. Arun spent Rs. 5,000 on fun, amount spent by him on rent is Rs. 9,000 more than that on...
'S' spends 15% of his monthly income on travel, 45% on rent, and 10% of the remaining amount on groceries. He saves the rest in an investment scheme tha...
A company allowed 9% commission on the total sales made by salesman and a bonus of 1% on the sales over Rs. 20000. If the salesman deposited Rs. 63200 i...
The value of A’s car is depreciating by 25% every year whereas the value of his house is appreciating by 15% each year as compared to the previous yea...
A girl spent 40% of her monthly income on clothing. Of the remaining, she spent on travel and food in the ratio of 7:5. If the difference of the income ...
