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The law of demand is typically derived or justified with the Encyclopedia article explaining the law of demand with real world examples and without Derived demand occurs when there is a demand for a good or factor of production resulting from demand for an intermediate good or service. Example – mobile phones
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requirement for one product that is created due to the purchase of another product. Derived demand occurs for consumers who purchase goods for further production Forecasting methods and analytical tools Unemployment rate projections are derived from employment and and exports demand equals imports across the world.
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