--%>
Assignment Help - homework help

Illustrates the different kinds of Demand

Illustrates the different kinds of Demand?

E

Expert

Verified

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.

   Related Questions in Managerial Economics

  • Q : Operational or internal issues of

    What are the operational or internal issues of managerial economics?

    		•
  • Q : Explain marginal I/O relationship in

    Explain the marginal input-output relationship in short run and long run.

    		•
  • Q : Dominates substitution effect by wage

    The income effect of a small varies in the wage rate dominates the substitution effect for this worker at point: (w) point a. (x) point b. (y) point c. (z) point d.

    Q : Part of the payment in economic rent

    Economic rent shows part of the payment for the utilization of: (w) landowners’ labor and capital to keep their land. (x) landowners’ buildings and equipment. (y) resources for that supplies are less than perfectly elastic. (z) any piece o

    		•
  • Q : States the Demand Forecasting in terms

    States the Demand Forecasting in terms of production?

    		•
  • Q : Policy of Avoiding Legal Liability The

    The expected losses to workers through shirking are increased while a firm adopts a policy of: (w) dividing productive tasks thus the division of labor is optimal. (x) paying efficiency wages which exceed market-clearing wages. (y) avoiding legal liability by not writ

    		•
  • Q : Illustrates the important leading

    Illustrates the important leading indices?

    		•
  • Q : Illustrations of investments in human

    Illustrations of investments in human capital would comprise: (1) freeing slaves at the conclusion of the Civil War. (2) betting on the outcome of a professional wrestling match. (3) need people to pass a test on the U.S. Constitution before permittin

    		•
  • Q : Explain the term average fixed cost

    Explain the term average fixed cost.

    		•
  • Q : Derived Demand for Labor All else

    All else identical, a competitive firm will demand more labor when: (w) technological advances lead to automation. (x) the price of the firm’s output rises. (y) more firms enter the industry. (z) competing firms offer their workers more training

    		•