Derived demand - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 2002

The demand for factors of production is an example of?

A. Joint demand
B. Competitive demand
C. Derived demand
D. Composite demand

Question 7:

• JAMB 2003

The demand for labour is an example of

A. Composite demand
B. Joint demand
C. Derived demand
D. Competitive demand

Question 8:

• JAMB 2006

Derived demand is normally used with reference to

A. Superior goods
B. Inferior goods
C. The cost of production
D. The factors of production