Green Bees, a popular American heavy-metal band, will perform in Berlin during Christmas. There is a high demand for concert tickets among fans worldwide who are looking forward to the much-awaited performance. In this instance, the high demand for tickets for the Green Bees concert is representative of ________ demand.

Question

Quizplus · Accepted Answer

The high demand for tickets for the Green Bees concert is representative of derived demand as it is driven by the demand for the band's performance and the desire to attend the concert, rather than a direct need for the tickets themselves. Primary demand refers to the demand for a product or service in general, while negative demand refers to a situation where consumers actively avoid a product or service. Elastic and business demand are not relevant in this scenario.

Green Bees, a Popular American Heavy-Metal Band, Will Perform in Berlin