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
Answer (1)
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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