Tiêu đề Joint or Complementary Demand.pdf ✅

Written/Composed by:- Adnan Maqbool , Contact # 0315-3130411 My Youtube Channel: Easy Conceptual Study Website: www.informationpk.com , E-mail: [email protected] Micro Economics I.Com/D.com/FA/FSc/BA/BSc/ B.com/ BS/BBA/MBA/M.Com/ACCA Visit: www.informationpk.com for Notes, Past papers, Home Tuition and more. Page | 1 Demand i . Deman d ref ers t o th e b eh avi o r o f con su m ers. ii. Deman d is th e q u an tity o f a co mm od it y actu ally b ou gh t “D eman d is th e am ou n t o f a p rod u ct b u yers ar e wi llin g an d ab le t o p u rch ase at a given p ric e o v er a p articu lar p eriod of tim e. ” So de ma n d ha s tw o co nditio ns: i . Desir e to p u rch as e ii. Pu rch asin g p o wer Th e d esi r e f or a co mmod it y i s n ot d e man d , fo r examp le, th e d esir e of a p oo r man to p u rch as e a car i s n ot d eman d b ecau se h e h as n o p o wer to p u rch as e it. D e m a n d = D e s i r e t o p u r c ha s e + A b i l i t y t o P u r c ha s e No te: - Deman d is alwa ys b as ed on wi llin gn ess an d ab ilit y to p a y f or a p r od u ct, n ot mer ely wan t o r n eed f or th e p rod u ct. www.informationpk.com
Written/Composed by:- Adnan Maqbool , Contact # 0315-3130411 My Youtube Channel: Easy Conceptual Study Website: www.informationpk.com , E-mail: [email protected] Micro Economics I.Com/D.com/FA/FSc/BA/BSc/ B.com/ BS/BBA/MBA/M.Com/ACCA Visit: www.informationpk.com for Notes, Past papers, Home Tuition and more. Page | 2 De ma n d is a rela tio nship betw een t w o eco no mic va ria bles: - i . Pric e o f a p articu lar g ood ii. Qu an tity of th e g ood , wh ich th e con su m er s ar e wi llin g t o b u y at th at p rice d u rin g a sp ecific tim e p eri od , all oth er th in gs b ein g eq u al. Def initio n  Comp lem en tar y d eman d , als o called join t d eman d , occu rs wh en t wo p rod u cts a r e n ec essa r y to m eet on e d eman d . A ch an g e in th e d eman d for on e of th es e go od s cau ses a simila r ch an ge in d eman d fo r th e oth er p rod u ct.  Two or m or e g ood s ar e said to b e join t ly d eman d ed wh en th ey mu st b e c on su med tog eth er to p ro vid e a giv en lev el of satis faction . www.informationpk.com
Written/Composed by:- Adnan Maqbool , Contact # 0315-3130411 My Youtube Channel: Easy Conceptual Study Website: www.informationpk.com , E-mail: [email protected] Micro Economics I.Com/D.com/FA/FSc/BA/BSc/ B.com/ BS/BBA/MBA/M.Com/ACCA Visit: www.informationpk.com for Notes, Past papers, Home Tuition and more. Page | 3 Fo r exa mple : -  Cars n eed p etr o l or d ies el f u el. An in cr eas e in th e d eman d fo r au tom ob iles lead s to an in creas e in th e d eman d fo r fu el.  Th e d eman d for t ea in creas es , th e d eman d for su ga r wi ll a ls o in cr eas e. Her e tea an d su gar a r e comp lem en ts.  An oth er examp les o f su ch p rod u cts are ca r an d t yr es, b r ead an d b u tter, t oo th p aste & b ru sh . Th e q u an tity d eman d ed fo r th ese p airs of p r od u cts in creas es an d d ec rea s es to g et h er. www.informationpk.com