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Example of Derived demand, For building a house, the demand of Painter, labour, artisans, Bricks, Cements automatically increases. Cross Demand isthe ratio of percentage change in quantity demanded of a product to percentage change in price of a related product. Composite demand happens when goods or services have more than one use so that an increase in the demand for one product leads to a fall in supply of the other. E.g. milk which can be used for cheese, yoghurts, cream, butter and other products . Joint demand occurs when demand for two goods is interdependent. For example, it is no good having a printer without the ink to go with it.
Which of the following is an indirect tax?
What is the estimated cost of the Vadhavan Port project in Dahanu, Maharashtra?
How much budget has been allocated for the extension of Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme?...
Consider the following about the RBI circular on card-on-file (CoF) tokenisation?
I. CoF refers to card information stored by payment gateway and...
The age limit for the Mukhyamantri Majhi Ladki Bahin Yojana was recently extended to 65 years. This scheme is associated with which state?
Who among the following was included in TIME's 100 most influential people of 2024?
Which country contributed 50% of total Foreign Direct Investment (FDI) in India in Q2 FY2024-25?
Which state government will launch the Indira Gandhi Smartphone Yojana wherein at least 13 million women will receive smartphones with free data for int...
___________ signed a memorandum of understanding (MoU) with Kendriya Sainik Board to support and educate the children of war veterans, ex-servicemen, a...
Which state recently declared Ratha Saptami as a state festival?