A decline in the availability of bicycle handle bars will decrease Huffy Bicycle Company's production of bicycles.This decreased production in turn will reduce Huffy's demand for bicycle seats.This scenario illustrates_____ demand.

Question

Quizplus · Accepted Answer

The scenario illustrates joint demand because the demand for bicycle handlebars and bicycle seats are interconnected. A decrease in availability of bicycle handlebars will decrease production of bicycles which will reduce Huffy's demand for bicycle seats, even though the price of bicycle seats may remain the same.

A Decline in the Availability of Bicycle Handle Bars Will