Define the term ‘derived demand’

The demand for a good or service reulting from or leads to the demand for another good or service. 

LL
Answered by Luckksha L. Economics tutor

4147 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

A firm's long run total cost curve is given by TC(Q) = 1000Q - 30Q^2 + Q^3. Derive the expression for the long run average cost curve and sketch it. At what quantity is the minimum efficient scale?


Explain opportunity cost


What is the difference between perfect competition and imperfect competition?


Explain two ways in which central banks use monetary policy to influence the economy.


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning