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Competitive demand refers to:

  • a)
    The demand for a product that complements other products.

  • b)
    The demand for a product that competes with other substitute products.

  • c)
    The demand for a product that is influenced by changes in consumer preferences.

  • d)
    The demand for a product that is derived from other products.

Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Competitive demand refers to:a)The demand for a product that complemen...
Competitive demand refers to the demand for a product that competes with other substitute products. Therefore, option (a) is the correct answer.
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Competitive demand refers to:a)The demand for a product that complements other products.b)The demand for a product that competes with other substitute products.c)The demand for a product that is influenced by changes in consumer preferences.d)The demand for a product that is derived from other products.Correct answer is option 'B'. Can you explain this answer?
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