Illustrates the different kinds of Demand
Illustrates the different kinds of Demand?
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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.
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A principal who checks the qualifications of a potential agent before giving the agent a contract is engaging within the process of: (i) signaling. (ii) determining an efficiency wage. (iii) predatory behavior. (iv) screening. (v) discrimination. Q : Purely competitive equilibrium labor When this purely competitive labor market is firstly in equilibrium at D0L, S0L, an increase within the price of output will result into equilibrium being attained at: (w) D0L, S0L. (x) D1L, S1L. (y) D2L, S1L. (z) D1L, S0L. Q : What are the certain assumptions in What are the certain assumptions in production functions?
When this purely competitive labor market is firstly in equilibrium at D0L, S0L, an increase within the price of output will result into equilibrium being attained at: (w) D0L, S0L. (x) D1L, S1L. (y) D2L, S1L. (z) D1L, S0L. Q : What are the certain assumptions in What are the certain assumptions in production functions?
What are the certain assumptions in production functions?
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