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Derived demand occurs when:a)The demand for a product is influenced by changes in consumer preferences.b)The demand for a product is dependent on the demand for another product.c)The demand for a product increases due to changes in income.d)The demand for a product decreases due to changes in price.Correct answer is option 'B'. Can you explain this answer? for JAMB 2025 is part of JAMB preparation. The Question and answers have been prepared according to the JAMB exam syllabus. Information about Derived demand occurs when:a)The demand for a product is influenced by changes in consumer preferences.b)The demand for a product is dependent on the demand for another product.c)The demand for a product increases due to changes in income.d)The demand for a product decreases due to changes in price.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for JAMB 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Derived demand occurs when:a)The demand for a product is influenced by changes in consumer preferences.b)The demand for a product is dependent on the demand for another product.c)The demand for a product increases due to changes in income.d)The demand for a product decreases due to changes in price.Correct answer is option 'B'. Can you explain this answer?.

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