Ask Question
11 June, 18:25

What is Derived Demand (this is an economics question)

+3
Answers (2)
  1. 11 June, 18:26
    0
    Derived demand is a term used in the economic analysis that describes the demand placed on one good or service as a result of changes in the price for some other related good or service. It is a demand for some physical or intangible thing where a market exists for both related goods and services in question.
  2. 11 June, 18:53
    0
    Derived Demand a need or want for a service, commodity, etc ..., That is a consequence of the demand for something else.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is Derived Demand (this is an economics question) ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers