Bread and butter, car and petrol are examples of goods which have _______.

composite demand

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joint demand

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derived demand

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autonomous demand

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Solution

The correct option is B joint demand
Bread and butter, car and petrol are examples of complementary goods. These goods have joint demand as when the demand of one commodity rises, the demand for another commodity also rises.

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In complementary goods, which kind of shift in demand occurs with an increase in the price of petrol and a constant price of cars?

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