Demand Curve Questions with solutions MCQs

1. Which of the following options points to a demand for one product as a consequence of demand for a parent product?

A

Company Demand

B

Composite Demand

C

Short-term Demand

D

Derived Demand

Demand Curve General Economics
Correct Answer : D
Explanation :

Derived demand—in economics—is the demand for a good or service that results from the demand for a different, or 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. Derived demand can have a significant impact on the derived product`s market price.

Correct Answered :

Wrong Answered :

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