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Activity-demand for business products

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Reference no: EM132859554

Activity 1 Demand for Business Products

There are four types of demand for business products:

1. Derived demand
2. Inelastic demand
3. Joint demand
4. Fluctuating demand

Review in your text, section 8-3 Demand for Business Products

Look at the following situations. Categorize each according to its demand. 15 points

1. A manufacturer of snow tires provides a discount on its products during the summer months. What type of demand is this?

2. A grocery store is running low on hamburger buns. They must order more to keep up with demand. Hamburger buns illustrate what type of demand for businesses?

3. Fleetwood, an RV manufacturer, is constructing its newest model of RV. The windshield wipers for the RV have risen in price. What type of demand applies to this product?

4. Sales of computers are increasing. Intel markets its computer chips to computer manufacturers worldwide. Describe the type of demand for its computer chips.

Reference no: EM132859554

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