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Which scenario demonstrates the concept of joint demand?
  • a)
    An increase in the price of gasoline leading to a decrease in demand for cars
  • b)
    A rise in the demand for printers increasing the demand for ink cartridges
  • c)
    A fall in the price of bread reducing demand for butter
  • d)
    An increase in the price of tea leading to lower demand for coffee
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which scenario demonstrates the concept of joint demand?a) An increase...
Joint demand occurs when the demand for one good increases the demand for another good that is used in conjunction. In this case, printers and ink cartridges are complementary goods, so an increase in demand for printers will increase the demand for ink cartridges.
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Which scenario demonstrates the concept of joint demand?a) An increase in the price of gasoline leading to a decrease in demand for carsb) A rise in the demand for printers increasing the demand for ink cartridgesc) A fall in the price of bread reducing demand for butterd) An increase in the price of tea leading to lower demand for coffeeCorrect answer is option 'B'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Which scenario demonstrates the concept of joint demand?a) An increase in the price of gasoline leading to a decrease in demand for carsb) A rise in the demand for printers increasing the demand for ink cartridgesc) A fall in the price of bread reducing demand for butterd) An increase in the price of tea leading to lower demand for coffeeCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which scenario demonstrates the concept of joint demand?a) An increase in the price of gasoline leading to a decrease in demand for carsb) A rise in the demand for printers increasing the demand for ink cartridgesc) A fall in the price of bread reducing demand for butterd) An increase in the price of tea leading to lower demand for coffeeCorrect answer is option 'B'. Can you explain this answer?.
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