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In: Economics

Covid-19 started a derived demand, for instance, the high demand for hand sanitizer led to the...

Covid-19 started a derived demand, for instance, the high demand for hand sanitizer led to the derived demand of the isopropyl alcohol market .

What are some other covid- 19 derived demand, beside facemask ?

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.

Solutions

Expert Solution

Answer: As it has been mentioned in the question itself , 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.

Similarly Covid-19 started a derived demand, for instance, the high demand for hand sanitizer led to the derived demand of the isopropyl alcohol market, face masks apart from these two there are other derived demands associated with it are:

1.PPE kits in the hospitals along with ventilators in the hospitals.

2.Demand of medicines which boosts immune system, reduce fever,cough cold and other some specific medicines which proving influential like HCQ, Lopinavir etc

3.Demand for some traditional immunity boosting tea made of ginger, tulsi,blackpepper,turmeric etc.

4.Items required for sanitizing public places.

5.hand gloves,soaps etc

Hope it helps!

Please do upvote.

Rahul Sunny answered 2 years ago
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