Which of the following is an example of derived demand

Asked by admin @ 02/08/2021 in CBSE BOARD XII viewed by 269 People

Which of the following are examples of derived demand?

(a) Car and Petrol(b) Tea and Coffee(c) Building and Brick(d) None of these

Answered by admin @ 02/08/2021

Explanation:

Thus the demand for labour is a derived demand from the demand for goods and services. For example, if the demand for a good such as wheat increases, then this leads to an increase in the demand for labour, as well as demand for other factors of production such as fertilizer.

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Asked by admin @ 26/11/2021 in Biology viewed by 347 persons

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Asked by admin @ 26/10/2021 in Biology viewed by 335 persons

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Asked by admin @ 15/10/2021 in Biology viewed by 435 persons

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Asked by admin @ 12/10/2021 in Biology viewed by 351 persons

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