Joint Demand

Posted in Marketing and Strategy Terms, Total Reads: 1911
Advertisements

Definition: Joint Demand

Joint demand for two or more products occur when they are used together, thereby a change in demand of one product affects the change in demand for the others.


Examples of such products are car and tyres, bread and butter, toothpaste & brush. The quantity demanded for these pairs of products increases and decreases together. However, prices may vary depending on the substitutes and competition.



Browse the definition and meaning of more terms similar to Joint Demand. The Management Dictionary covers over 7000 business concepts from 6 categories.

Search & Explore : Management Dictionary



Share this Page on: