The increase in the demand for a commodity may ... - JAMB Economics 2022 Question
The increase in the demand for a commodity may lead to a decrease in the demand for another if both are
A
in complementary demand
B
of the same quality
C
in composite demand
D
in competitive demand
correct option: d
Option D is the correct answer.
Competitive demand, also referred to as substituted demand. There are substitute commodities that have comparable utility and can satisfy similar wants. When the demand for one increases, the desire for the other decreases.
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