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Absolute demand is demand without the ability to pay.
Derived demand is the demand to transport goods or services to location depend on demand to consume a goods or services to location. Freight of product is derived from the customer demand of product.
Shipping is derived from the demand for transportation of goods, etc.
The nature of the demand for products differs from consumer demand because it is often derived from consumer demand.
distinguish between a term security and a demand security
difference between elastic and inelastic demand
Absolute demand is demand without the ability to pay.
Derived demand is the demand to transport goods or services to location depend on demand to consume a goods or services to location. Freight of product is derived from the customer demand of product.
Shipping is derived from the demand for transportation of goods, etc.
The nature of the demand for products differs from consumer demand because it is often derived from consumer demand.
distinguish between a term security and a demand security
Demand is to ask for something forcibly. Exchange is to trade.
Demand schedule is a tabular representation nd Demand curve is a graphical representation
Derived demand occurs when there is a change of customers' demand on particular product and produces have to buy new production equipment, which means that the change in consumer demand for a product affects demand for all firms involved in the production of that product. Joint demand has nothing to do with changing the production equipments. In this case, demand of the product depends on demand of its compliment. For example, demand on inc depends on demand on printers.
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.
a demand schedule is a table showing the relationship between the price of a good and the quantity demanded , but a demand curve is a graph showing the relationship between the price of a good and the quantity demanded.
Demand schedule: a list of demand/price equivalencies. It can best be seen as a table with discrete points. Demand function: a continuous function of price-demand interaction. Main difference: schedule is discrete; function is continuous.