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Elementary Theory of Demand — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsElementary Theory of Demand1 Mark
MCQ
Which is meant by derived demand?
  • A
    The demand is derived from income tastes, etc. of sellers.
  • B
    The demand is derived from the price elasticity of demand.
  • ✓
    If a thing is needed for producing some other goods, which we actually need.
  • D
    The demand is derived in beginning economics classes.
✓

Answer

Correct option: C.
If a thing is needed for producing some other goods, which we actually need.
C

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