JAMB 2016 Economics · Question 33
The demand for two or more commodities to satisfy a particular want is _____?
Options
- A.Derived
- B.Composite
- C.Competitive
- D.Joint
Answer: D. Joint
Explanation written with AI and checked against the answer key
Analyze the question: We need the term for the demand for two or more commodities that together satisfy one particular want.
Explain the concept: Economics has several types of demand:
- Derived demand: Demand for a good because it is needed to produce another good. Example: demand for cocoa because chocolate is wanted.
- Composite demand: Demand for a single commodity that has several alternative uses. Example: demand for palm oil for cooking, soap-making and cosmetics.
- Competitive demand: Demand for goods that are substitutes. Example: Indomie or Supernoodles, Coke or Pepsi.
- Joint demand: Demand for two or more goods that are used together to satisfy a single want. Example: car and petrol, bread and butter, pen and ink.
Solution:
- The question says "two or more commodities", so we need more than one good.
- These goods satisfy "a particular want" together, which means they are complements.
- Complementary goods are demanded together, and that is the definition of joint demand.
- Derived demand is about inputs for a final product. Composite demand is one good with many uses. Competitive demand is about substitutes. None of these fit.
Answer: The correct option is D. Joint.
Tip: Remember "Joint = Join together", like a car and fuel. For composite demand, think "one good, many uses". For competitive demand, think "rivals, so substitutes".
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