10. joint demand
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composite demand
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1. Meaning
When
two or more commodities are demanded at the same time to satisfy a single
want, it is called as joint demand.
2.
Examples
Joint demand can be for car and petrol, or for socks and shoes, or for pen and
paper, or tea and milk, or for mobile and sim card.
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When a single commodity is demanded to
satisfy several wants. It is called as composite demand.
Electricity has composite demand, s it
can be used for several purposes such as lighting, heating, manufacturing,
cooking. Etc. (water also)
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JOINT DEMAND COMPOSITE DEMAND
