JAMB - Economics (2024 - No. 68)

When an increase in the price of a commodity lead to a fall In the demand for another, the demand for the two commodities are said to be
competitive
joint
composite
derived

Explanation

Joint demand refers to goods that are typically consumed together. If the price of one increases, it can lead to a decrease in demand for the complementary good. E.g., the increase in the price of cream (a complementary good) leads to a fall in the demand for coffee,

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