Grade Booster student workshops are back in cinemas for 2022. Learn more

Economics

Study Notes

Composite Demand

Level:
AS, A Level
Board:
AQA, Edexcel, OCR, IB

Composite demand happens when goods or services have more than one use so that an increase in the demand for one product leads to a fall in supply of the other. E.g. milk which can be used for cheese, yoghurts, cream, butter and other products. If more milk is used for manufacturing cheese, ceteris paribus there is less available for butter

Difference between composite demand and derived demand - revision video

Boston House,
214 High Street,
Boston Spa,
West Yorkshire,
LS23 6AD

Tel: +44 0844 800 0085

© 2022 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.