Derived demand is demand that is derived from consumer tastes, preferences, and incomes.

Name: Derived demand is demand that is derived from consumer tastes, preferences, and incomes.
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Derived demand is demand that arises from the demand for another good or service, not from consumer tastes, preferences, or incomes. For example, the demand for steel is derived from the demand for automobiles, bridges, and other goods and services that use steel as an input.

Derived Demand Is Demand That Is Derived from Consumer Tastes