The demand for factors (which arises from the demand for the products that the factors help produce) is called a(n) __________ demand.
A) derived
B) indirect
C) secondary
D) expressed
Correct Answer:
Verified
Q13: The higher the labor cost to total
Q14: According to the substitution effect, as the
Q15: Between two wages, an individual's supply curve
Q16: Employers use screening mechanisms, such as GPA,
Q17: Most economists believe that the supply curve
Q19: For a factor price taker, the demand
Q20: The term "derived demand" refers to the
Q21: Suppose a factor price taker purchases one
Q22: Exhibit 26-1 Q23: If for a firm MRP > MFC,
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