Sky High Camping offers overnight camping in tree houses built on its 10-acre property.Workers are hired to build and maintain the tree houses.Which of the following are true statements?
i.The land and the trees grown are considered natural resources.
ii.The demand for trees and land is not a derived demand because supply is limited.
iii.The demand for workers is considered a derived demand because they help produce the service of tree house camping.
A) i and iii.
B) i, ii and iii.
C) i only.
D) iii only.
E) ii and iii.
Correct Answer:
Verified
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