Question

Difference between composite demand and derived demand?

Answer 1

Explanation:

Demand is a quantity of a product which is required by the consumers at a price on a given period of time but derived demand is the demand created by increase in demand of a particular product for example the demand of houses create the demand of cement, iron and wood etc.

Answer 2

Answer:

Demand is a quantity of a product which is required by the consumers at a price on a given period of time but derived demand is the demand created by increase in demand of a particular product for example the demand of houses create the demand of cement, iron and wood etc.

Explanation:

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