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Economics
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Derived demand is
A. consumer demand for goods and services.
B. based on the prices of factors of production.
C. the demand for factors of production directly by business.
D. the demand for factors of production dependent on consumer demand for output.
E. calculated for firms.

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Sonal Bahl
Sonal BahlLv10
2 Jan 2021
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Related questions

How supply affects goods and services supplied by businesses in the product market. How demand affects goods and services in the consumer market. How supply affects factors of production in the factors market and how demand affects factors of production in the factors market. How does the circular flow of wealth fit together as a whole process? Each assignment must be at least 150 words.

The supply of U.S. dollars on foreign exchange markets is

A. derived from the demand for U.S. products by foreigners.
B. derived from the demand by United States for imported goods andservices.
D. determined directly by open market operations at the FederalReserve Bank.

Which of the following is an example of derived demand?

a. As the demand for hot dogs increases, the demand for hot dog buns increases.

b. The demand for hot dogs during the summer is affected by the supply of hot dogs.

c. As demand for pork hot dogs increases during the summer, the demand for factors of pork hot dog production such as hot dog workers and pork meat will increase.

d. The supply of pork will affect the demand for pork.

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