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Questions and Answers
What is direct demand?
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?
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?
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?
What is an example of a good with direct demand?
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When demand for cotton shirts increases, what else increases?
When demand for cotton shirts increases, what else increases?
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Which sector does derived demand come from?
Which sector does derived demand come from?
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What does direct demand depend on?
What does direct demand depend on?
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Which type of demand satisfies consumer wants directly?
Which type of demand satisfies consumer wants directly?
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When demand for factors of production increases, what kind of demand is being observed?
When demand for factors of production increases, what kind of demand is being observed?
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Which type of demand depends on demand for final goods and services?
Which type of demand depends on demand for final goods and services?
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