1
Question
Define direct demand
Define direct demand
Open in App
Solution
For final consumption there are some demands of good, that is called direct demand. This is also known as autonomous demand. It shows the relationship between product price and quantity, in condition of constant variable. Demand for food, cloth and house etc. are the examples of direct demand. All the finished goods have a direct demand.
For final consumption there are some demands of good, that is called direct demand. This is also known as autonomous demand. It shows the relationship between product price and quantity, in condition of constant variable. Demand for food, cloth and house etc. are the examples of direct demand. All the finished goods have a direct demand.
Suggest Corrections
3
Similar questions