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3 years ago

Derived demand is demand: Group of answer choices

Business

1 answer:

Aleks [24]3 years ago

5 0

Answer:

C) linked to the production and sale of some other item.

Explanation:

• Derived demand is an economic term describing the demand for a good/service resulting from the demand for an intermediate or related good/service.

• Derived demand is solely related to the demand placed on a good or service for its ability to acquire or produce another good or service.

• The principles behind derived demand work in both directions; if the demand for a good decrease, the demand for the goods required to produce the item will also decrease.

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National Park /Tours Co.

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Unadjusted Trial Balance

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Account Titles Debit Credit

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T-accounts

Cash

Account Titles Debit Credit

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Fees Earned

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