Because it is based on the demand for products, the demand for labor is called
A) a substitution demand
B) a complementary demand
C) an income demand
D) a derived demand
E) a marginal demand
Correct Answer:
Verified
Q5: As the price of a resource (e.g.,
Q6: The resource market is different from the
Q7: Derived demand refers to
A)demand curves derived from
Q8: If the demand for tacos increases,
A)the supply
Q9: The market demand curve for a resource
Q12: Resource owners will supply additional units of
Q13: Resource owners supply resources in ways that
A)maximize
Q14: If the price of a resource increases,
Q15: An increase in the price of a
Q125: As the price of land decreases along
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