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Question : The country's overall demand for steel represents a ______ demand.

Option 1: Industry
 

Option 2: Firm

Option 3: Both ‘a’ and ‘b’
 

Option 4: None of the above


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: Industry
 


Solution : The overall aggregate demand for products within an industry is known as industry demand. To calculate market share, company demand is frequently stated as a percentage of industry demand.
Hence A is the correct answer.

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