ICSE Class X Economics 2023 Solved Papers

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Question : 27
Total: 47
Mention any two examples of composite demand.
Solution:  
Demand for good which have multiple uses is called composite demand. Examples of composite demand are :
(1) Milk is used for Cheese, Butter, Tea, Coffee, Sweets etc.
(2) Steel is used for buildings, infrastructure, automotive, mechanical equipment etc.
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