Illustrates the different kinds of Demand
Illustrates the different kinds of Demand?
Expert
Various types of demand are as follows:
Joint demand:While two or more commodities are jointly demanded at similar time to satisfy a particular want, it is termed as joint or complimentary demand. As like demand for vegetables for making vegetables soup.
Composite demand: The demand for a commodity that can be put for some uses as demand for electricity
Direct and Derived demand: Demand for a commodity that is for a direct consumption is termed as direct demand. For example: food, cloth. While the commodity is demanded as outcome of the demand of other commodity, it is termed as derived demand. For example: demand for tyres depends on demand of motors and many vehicles.
Industry demand and company demand: Demand for the product of exact company is company demand and whole demand for the products of particular industry that includes number of companies is termed as industry demand.
Give a brief introduction of the term P/V ratio and Contribution?
Illustrates the term Elasticity?
The value of the marginal product is: (w) MPP × MR. (x) MPP × P. (y) MPP × MC. (z) MPP × MRC. Can anybody suggest me the proper explanation for given problem regarding Economics
Adam Smith’s theory of wage differentials is least consistent along with a case wherein a: (i) chef in a five-star restaurant earns a higher wage than a cook into a fast food restaurant. (ii) security guard for a U.S. firm into Baghdad is paid m
Illustrates the differences between Sunk Cost and Incremental cost?
Illustrates the important areas of managerial economics as a tool for decision making?
Explain the reasons for demand curve slopes downward.
Illustrates the Demand function of a commodity?
Illustrates the marginal cost pricing and differential pricing?
Can someone help me in finding out the right answer from the given options. The production possibilities frontier enlarges if: (i) The economy approaches full and proficient employment. (ii) Technology progress. (iii) Society's net demand for output i
18,76,764
1945673 Asked
3,689
Active Tutors
1421822
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!