Definition of Composite Demand - Demand for a good that has multiple uses. e.g. People may demand oil because it can be used to create both petrol and diesel.
- People may demand a sheep for both mutton and wool.
- Other examples of composite demand may include a cow for the beef and leather.
- Joint Demand - when goods are demanded together. Two complements like iPad and Application for iPad.
- Different types of goods
- Factors affecting demand