a
a composite demand
b
a joint demand
c
a derived demand
d
an elastic demand
e
cross-elasticity of demand
Explanation
Correct Option
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Deepthinker581
4 years ago
Derived demand occurs when there is a demand for a good or factor of production resulting from demand for an intermediate good or service. Example – mobile phones and lithium batteries. The rise in demand for mobile phones and other mobile devices has led to a strong rise in demand for lithium.
