Derived demand means the demand for industrial products and services is driven by, or derived from, the
A)NAICS statistical models.
B)gross national product.
C)demand for consumer products and services.
D)demand for other industrial products and services.
E)demand for government products and services.

Question

Quizplus · Accepted Answer

Derived demand refers to the demand for industrial products and services that is driven by the demand for consumer products and services. When consumers demand more of a product, the demand for the industrial goods and services needed to produce that product also increases.

Derived Demand Means the Demand for Industrial Products and Services