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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 is example of full demand?

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


A suture is an example of a immovable joint called?

A suture is an example of an immovable joint called a synarthrosis.


The joint in your shoulder is an example of a?

The joint in your shoulder is an example of a ball-and-socket joint, allowing for a wide range of motion in multiple directions.


Neck joint is an example of?

pivot joint


What is the example of condyloid joint?

multiaxial joint


Example of law of demand?

marketing is a great example of law of demand


The cubital joint is an example of what joint?

The cubital joint is an example of a hinge joint. This type of joint allows movement in one plane, like bending and straightening, similar to how the elbow functions.