Which of the following most clearly illustrates the concept of derived demand?

Question

Quizplus · Accepted Answer

Derived demand refers to the demand for a good or service that arises from the demand for another good or service. In this case, an increase in the demand for new houses leads to an increase in the demand for construction workers, as construction workers are needed to build the new houses. This illustrates the concept of derived demand. The other answer choices may involve increases in demand, but they do not clearly illustrate derived demand.

Which of the Following Most Clearly Illustrates the Concept of Derived