The effect of increase in demand for product B caused by an increased in the price of product A is called (a) effective demand (b) derived demand (c) competitive demand (d) composite demand (e) joint demand?

joyth22

5 years ago

the answer is (B) because derived demand is demand for goods or services that occurs as a result of demand for another immediate or final goods e.g demand for #2000 inorder to buy a textbook

Jerrycurl12

5 years ago

D .composite demand

An increase in the demand for one product leads to a fall in supply of the other
An example is milk which can be used for cheese, yoghurts, cream, butter and other products including fertilizer