a state of affair observed between the markets for goods that can readily be substituted for one another.
(E.g are- margarine & butter)
Competitive demand is the demand for commodities that offer similar functions to the consumer
This is the demand for commodities that offer similar functions to the consumer.
list examples of competitive supply
Demand = Price = Marginal Cost.
a Decrease in quolity and demand of the other
Competitive demand is the demand for commodities that offer similar functions to the consumer
This is the demand for commodities that offer similar functions to the consumer.
interrelated demand joint/complement demand competitive derived composite independent
list examples of competitive supply
Demand = Price = Marginal Cost.
examples for each markating demand
negative demand
An increase in demand in a perfectly competitive market will lead to an increase in revenue for the business. The more they sell the more they will make.
a Decrease in quolity and demand of the other
Medicine always have full demand
yes the demand curve is perfectly inelastic and horizontal
Example of a Linear Demand Curve