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The demand for torch and batteries is an example of

Economics
WAEC 2016

The demand for torch and batteries is an example of

  • A. competitive demand
  • B. composite demand
  • C. complementary demand
  • D. derived demand
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Correct Answer: Option C
Explanation

complementary demand. Demand for a product generated by the demand for a related but different product, such as by computers for software, vehicles for tires, shaving razors for blades.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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