All the same...,but something new about demand.

So,as we are learning demand and supply,I would like to show here several types of demand and supply also.

1) Complementary demand: The products are used in conjunction with another.It means that if demand for one good will shift,so the demand for another complementary good will shift also.(coffe and sugar)

2)Composite demand:Demand arises from several sources.Increase in demand for one product for use in one sector will descrease the availability of the products in another sector.(elecrticity for domestic or commercial uses)

3)Сompetitive demand: the goods are substitutes to each other.if demand for one product will shift to the right,so demand for another will sift to the left.(tea or coffe)

4)Derived demand: demand for one product is derived from the demand for another product. it when one product is involved in the production of the other product.(something like complementary demand,but a little bit different).(cars and steel used to make cars)

5)Joint supply: goods are produced jointly.this means that if there are an increase in the supply for one product,will cause an increase in supply for another.(beef and leather,wich has a common source of the cow)

6)Competitive supply:This is the case where producers can produce either of two or more products.It is when supply for one good is more of one,they will produce less of another product( eggs and chiken)