interrelationships between markets (3.1.7)

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  • Created by: lee42
  • Created on: 30-05-19 17:37
What is joint demand?
Two goods are in joint demand if they are complementary
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what is composite demand?
goods that have a number of uses in the production process
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what is derived demand?
this is a consequence of the demand for another good
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what is joint supply?
its an increase of supply of one good which increases the supply for a related good
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Card 2

Front

what is composite demand?

Back

goods that have a number of uses in the production process

Card 3

Front

what is derived demand?

Back

Preview of the front of card 3

Card 4

Front

what is joint supply?

Back

Preview of the front of card 4

Card 5

Front

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Back

Preview of the front of card 5

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