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Derived demand comes from demand for another product. For example, if coal is in high demand, then there will be derived demand for mining. Another example: A farmer grows crops. In order to grow crops he needs fertilizer. Therefore, the amount of fertilizer he needs to buy, will derive from the amount of crops he needs to grow. Basically, derived demand comes as a result of demand for something else.
What else can I help you with?
What is example of full demand?
current demand of mobile phone set can be an example of Full demand.
Example of law of demand?
marketing is a great example of law of demand
What is the example of unwholesome demand?
Unwholesome demand is the desire for something that is not suitable or healthy. An example of unwholesome demand would be alcohol for the person who is an alcoholic.
What are the examples for exceptional demand curve?
Example of a Linear Demand Curve
What is autonomous demand?
When a particular commodity is demanded for its own sake it is known as autonomous demand. Demand for house is an example for autonomous demand.
What is an example for derived demand?
Derived demand comes from demand for another product. For example, if coal is in high demand, then there will be derived demand for mining. Another example: A farmer grows crops. In order to grow crops he needs fertilizer. Therefore, the amount of fertilizer he needs to buy, will derive from the amount of crops he needs to grow. Basically, derived demand comes as a result of demand for something else.
Could you give me an example of demand and supply in economics?
first you demand the blowjob, then they supply it!
Example of Cross elasticity of demand?
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What are the examples of overfull demand?
current demand of mobile phone set can be an example of Full demand.
What is composite demand?
Composite demand is a demand for a good that has many uses. An example is oil it is demanded as a fuel.
What is perfect elastic demand give some example?
no
Which example represents a positive correlation?
Demand and quantity sold is an example of positive correlation. As the number of people in demand of a product increases, the quantity sold of that product also increases.
