Tuesday, October 13, 2009

about demand

Derived demand i when demand for one good or service occures as a result of demand for another.

Joint demand is a type of demand when the demand for 2 or more products are independent, because they are used together.

Complementary demand is a type of demand where products are used in conjunction with one other.

Competitive demand is when products are substitutes for each other.
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2 comments:

  1. chris sivewrightOctober 13, 2009 at 4:32 PM

    This is very short. Why not show shifts as well?

    ReplyDelete
  2. chris sivewrightOctober 14, 2009 at 1:13 PM

    The blog is for you, not me. It is up to you whether you wish to help yourself.

    ReplyDelete

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