Economics · Demand Analysis
Match the types of demand in LIST-I with their corresponding definitions and examples in LIST-II: LIST-I A. Joint Demand B. Composite Demand C. Derived Demand D. Cross Demand LIST-II I. Arises when the demand for one product depends on the demand for another (e.g., steel for automobiles) II. Refers to the change in demand for one good in response to a price change of a related good III. Simultaneous demand for complementary goods used together (e.g., cars and petrol) IV. Occurs when a single good serves multiple uses (e.g., electricity) Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-II, B-I, C-IV, D-III
- 2A-III, B-II, C-I, D-IV
- 3A-III, B-IV, C-I, D-II✓
- 4A-IV, B-III, C-II, D-I
Correct answer
A-III, B-IV, C-I, D-II
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