An increase in the demand for HDTV sets leads to an increase in demand for LCD and LED TV screens. This situation arises because
A) LCD and LED screens minimize the costs of production.
B) the supply of LCD and LED screens has decreased.
C) the demand for LCD and LED screens is a derived demand.
D) of foreign production of LCD and LED screens.
Correct Answer:
Verified
Q124: An example of derived demand in the
Q125: For a firm selling its product in
Q126: For a firm selling its product in
Q127: If a firm is selling in an
Q128: The MRP curve for labor
A)is downsloping and
Q130: A firm that hires labor in a
Q131: If the wage rate increases,
A)a purely competitive
Q132: A farmer who has fixed amounts of
Q133: The labor demand curve of a purely
Q134: The demand for a productive resource is
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