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AP® Microeconomics

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Derived Demand: Explanation

APMICR-NEWPEH

When economists say that demand is derived, they are referring to

A

the demand for a product being derived from the number of buyers.

B

the demand for a product being derived from the supply of that product.

C

the demand for a product being derived from the amount of income a consumer has.

D

the demand for a resource being derived from the productivity of that resource.

E

the demand for a resource being derived from the demand for the product it is used to produce.