The overall demand for crude oil for various uses is an example of __________?
A.
derived demand
B.
competitive demand
C.
composite demand
D.
complementary demand
Correct Answer: Option C
Explanation
Composite demand is where goods have more than one use. An increase in the demand for one product leads to a fall in supply of the other. An example is milk which can be used for cheese, yoghurts, cream, butter and other products
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}