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The diagram above shows the demand for milk. Use it to answer questions this question.  ...

Economics
WAEC 2024

The diagram above shows the demand for milk. Use it to answer questions this question.

 

If demand for postal services decline as a result of increased use of e-mails, then the two services are in 

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

C: Since one substitutes the other than the demand between them is referred to as competitive demand.

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