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
Related Economics A Level answers
All answers ▸Explain the Macro-economic benefits of globalisation.
Define the term public good and give me two examples of public goods.
Buyers in the market for iPhones learn that the price of the Samsung Galaxy has increased. Explain how this would shift demand in the market for iPhones.
What is the difference between macro and micro economics?