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How did Covid-19 started a derived demand ? and what was the derived demand for ?...

How did Covid-19 started a derived demand ? and what was the derived demand for ?

Definition of "Derived Demand"

Derived demand is a term in economics that describes the demand for a certain good or service resulting from a demand for related, necessary goods or services. For example, the demand for large-screen televisions creates a derived demand for home theater products such as audio speakers, amplifiers, and installation services.

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Answer #1

Ans. COVID-19 started derived demand for number of goods,

- Covid 19 made it mandatory for major population to work from leading to derived demand for high speed internet.

- Covid 19 made masks compulsary for everyone due to which demand for sewing machines increased in factories.

- Covid 19 lead to increase on demand for sanitizer sprays which lead to derive demand for spray nozzles.

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