Which of the following is not an example of a derived demand?
A) increased interest in gardening during the spring leading to an increase in the demand for hoes and shovels
B) strong ticket sales for a concert causing the producers to schedule an extra show and demand more ushers
C) an increased use of robots leading to a decrease in the demand for labor
D) the development of alternative fuels made from corn leading to an increase in the demand for corn
E) increasing demand for music leading to the construction of more recording studios
Correct Answer:
Verified
Q7: If the price of a resource falls,other
Q8: In resource markets,_
A)firms demand the resources that
Q9: In product markets,firms _
A)supply the goods and
Q10: A producer demands another unit of a
Q11: As the price of a resource decreases,_
A)the
Q13: Along the demand curve for a resource,_
A)the
Q14: In resource markets,_
A)households demand the resources that
Q15: As the price of a resource increases,_
A)the
Q16: Derived demand refers to _
A)the demand curve
Q17: In resource markets,_
A)households are the demanders and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents