Consumer vs
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Questions and Answers

What is direct demand?

  • Demand for goods directly used by the ultimate consumer (correct)
  • Demand for goods used for international trade
  • Demand for factors of production
  • Demand for goods used by producers for further production

    • What does derived demand depend on?

  • Consumer preferences
  • Demand for final goods and services (correct)
  • Global economic conditions
  • Government regulations

    • Which sector does direct demand come from?

  • International sector
  • Government sector
  • Consumers or the household sector (correct)
  • Producers or firms

    • What is an example of a good with direct demand?

    <p>Books</p> Signup and view all the answers

    When demand for cotton shirts increases, what else increases?

    <p>Demand for raw cotton</p> Signup and view all the answers

    Which sector does derived demand come from?

    <p>Producers or firms</p> Signup and view all the answers

    What does direct demand depend on?

    <p>Price, income, taste, and habits of consumers</p> Signup and view all the answers

    Which type of demand satisfies consumer wants directly?

    <p>Direct demand</p> Signup and view all the answers

    When demand for factors of production increases, what kind of demand is being observed?

    <p>Derived demand</p> Signup and view all the answers

    Which type of demand depends on demand for final goods and services?

    <p>Derived demand</p> Signup and view all the answers

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