Give economic term : Demand for a commodity which can be put to several uses.
Q.1 (C) (ii) Give economic term : Demand for a commodity which can be put to several uses.
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Answer: Composite demand
When a commodity can be used for several purposes, its total demand is the sum of the demand for all these uses. E.g. electricity is demanded for lighting, cooking, running machines, etc.
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· 28 Oct 2026
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