contestada

As cycling's popularity increased, so did consumer demand for trek's products. as consumer demand for trek's bikes increased, so did trek's demand for raw materials from its suppliers. the relationship between consumer demand for products and industrial demand for raw materials is known as _______.

Respuesta :

MrCreighton

This is an example of derived demand. Derived demand is the rise in demand of a good or service as a result of the increase demand of another product.

In this case, since bikes are more in demand, producers will need more raw materials to make more bikes.

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