Economics · Economics
What is the meaning of derived demand?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Demand for a factor of production due to the demand for the final product it helps produce✓
- 2Demand due to higher income
- 3Total demand for goods
- 4Demand due to inflation
Correct answer
Demand for a factor of production due to the demand for the final product it helps produce
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