Derived demand is the demand:
A) that arises because of monopoly control of resources in a market.
B) for a product based on the tastes and preferences of consumers.
C) derived from consumer satisfaction with a product.
D) for a resource to produce a product.

Question

Quizplus · Accepted Answer

Derived demand refers to the demand for a resource (such as labor) that is necessary to produce a product. This demand is derived from the demand for the final product itself.

Derived Demand Is the Demand