The demand for ________ is a ʺderived demand.ʺ

A) hot chocolate on a cold day
B) U.S. Treasury bonds
C) a dog groomer by a grooming shop
D) hot dogs on the 4th of July

Derived Demand

The demand for a factor of production or intermediate good resulting from the demand for another good or service, such as the demand for steel being driven by the demand for automobiles.

U.S. Treasury Bonds

Long-term government debt securities issued by the U.S. Department of the Treasury, offering a fixed interest rate and guaranteed by the full faith and credit of the U.S. government.

Dog Groomer

A professional who provides cleaning and hygiene services for dogs, such as bathing, hair trimming, and nail clipping.