ICSE Class X Economics 2020 Solved Papers

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Question : 16
Total: 36
Explain the meaning of Composite Demand with the help of an example.
Solution:  
Composite Demand : A commodity has more than one use and its demand is directly linked to its various uses, such a demand is known as composite demand. e.g., milk, steel, wood etc. For Example, milk is used for making tea, coffee, butter, cheese, curd, sweets, direct consumption etc.
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