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Q: What is an example for Joint Demand?
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What is Joint Demand and Composite Demand?

Joint DemandWhen two or more goods are demanded to satisfy the same want, it is called JOINT DEMAND. A good example of joint demand would be a demand for sugar, coffee powder and milk to produce coffee. Another example can be a demand for car and petrol to fulfill the same desire, i.e transport. Note that the goods demanded are not substitutes for each other, but complement each other.Composite DemandWhen a particular commodity is demanded to be put to multiple uses, it is called COMPOSITE DEMAND.An example of composite demand is the demand for water, which can be put to uses such as cooking, cleaning, drinking, etc. Demand for cow can also be considered composite demand, as the hide, milk and meat are all useful to a consumer


What is the between derived demand and joint demand?

Derived demand occurs when there is a change of customers' demand on particular product and produces have to buy new production equipment, which means that the change in consumer demand for a product affects demand for all firms involved in the production of that product. Joint demand has nothing to do with changing the production equipments. In this case, demand of the product depends on demand of its compliment. For example, demand on inc depends on demand on printers.


What is joint demand?

Joint demand involves two or more items used in combination to produce a product.With joint demand, shortages of one item may jeopardize sales of all jointly demanded products.


What are the types of demand?

interrelated demand joint/complement demand competitive derived composite independent


Which of the following is an example of a triaxial joint?

Ball-and-socket joint is an example of triaxial (or multiaxial) joint.


What if your elbow is an example of a hingle joint?

The elbow is a hinge joint. The largest hinge joint is in the knee.


What is example of full demand?

current demand of mobile phone set can be an example of Full demand.


The cubital joint is an example of what joint?

Elbow, a hinge joint.


The joint in your shoulder is an example of a?

The shoulder joint is an example of a ball and socket joint. It has the most range of motion of any other joint.


Example of law of demand?

marketing is a great example of law of demand


Neck joint is an example of?

pivot joint


What is the example of condyloid joint?

multiaxial joint