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

4144 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

"What are the causes of an appreciation (outward shift of demand) for a floating exchange rate?"


Between 2010 and 2015 the average price of tea in the UK increased from £7.20 per kilo to £8.48 per kilo. Over the same period the quantity of tea purchased fell from 97 million kilos to 76 million kilos. Find the price elasticity of demand


Evaluate the case for the introduction of subsidies for agricultural produce. (15 marks)


Explain the use of interest rates in 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