Principles of Economics pp 316-326 | Cite as
Joint and Composite Demand. Joint and Composite Supply
Chapter
Abstract
Bread satisfies man’s wants directly: and the demand for it is said to be direct. But a flour mill and an oven satisfy wants only indirectly, by helping to make bread, etc., and the demand for them is said to be indirect. More generally:—
Keywords
Mathematical Note Demand Curve Supply Curve Joint Product Supply Price
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© Palgrave Macmillan, a division of Macmillan Publishers Limited 2013