JAMB Economics 2011 Objective — Question 5

Question 5 of 49 from the Joint Admissions and Matriculation Board (JAMB) Economics 2011 Objective paper, with the correct answer and a full explanation.

If the demand for one commodity excludes another, it is said to be

A. A. competitive demandCorrect
B. B. composite demand
C. C. derived demand
D. D. complementary demand

Explanation

Competitive demand is the demand in which the two commodities are substitutes. The demand for one excludes the use of the other.

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