The demand for two or more commodities or factor of production that are used together so that a change in demand for one will be reflected in a change in demand for other e.g., cloth and thread is called

Related MCQs

• The demand of a commodity is a direct demand but the demand of a factor of production is called a -
• If two commodities are complements, then their crossprice elasticity is-
• When percentage change in demand for a commodity is less than percentage change in its price, then demand is said to be -
• If the change in demand for a commodity is at a faster rate than change in the price of the commodity, the demand is -
• The demand of a factor of production is
• An employer goes on employing more and more of a factor units until :
• Trade by exchange of Commodities is called:
• Commodities or assets with some economic value which exist without any effort of mankind, are called:
• Minimum payment to factor of production is called -
• If the main objective of the government is to raise revenue, it should tax commodities with