Question

    Demand which is independent of the other product or main product, not linked or tie-up with the other goods or commodity is known as:

    A Autonomous Demand Correct Answer Incorrect Answer
    B Derived Demand Correct Answer Incorrect Answer
    C Cross Demand Correct Answer Incorrect Answer
    D Income Demand Correct Answer Incorrect Answer
    E Price Demand Correct Answer Incorrect Answer

    Solution

    Autonomous demand is independent of the other product or main product. It’s not linked or tie-up with the other goods or commodity.eg: food articles, clothes.

    Practice Next
    ×
    ×