The demand for ________ is a ʺderived demand.ʺ
A) ice cream cones on a hot day
B) tax-free municipal bonds
C) a hair stylist by a salon owner
D) a birthday cake for your brother

Question

Quizplus · Accepted Answer

Derived demand refers to the demand for goods and services that arises from the demand for another good or service. In this case, the demand for a hair stylist by a salon owner is derived from the demand for hair styling services by the salon's customers.

The Demand for ________ Is a ʺDerived Demand.ʺ