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The demand for a commodity or service wh...

The demand for a commodity or service which is a consequence of the demand for something else is called ______

A

Income Demand

B

Direct Demand

C

Composite Demand

D

Derived Demand

Text Solution

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The correct Answer is:
D
The demand for a commodity or service which is a consequence of the demand for something else is called derived demand. For example if the demand of the printer increases then the demand of the paper will also increase, The increase in the demand of the paper due to the increase in the demand of the printer is known as derived demand
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