Many businesses today are abandoning traditional business attire and allowing their employees to come to work in business casual that typically does not include ties, cufflinks, or business suits. There has been a decrease in the sale of silk ties as a result of this cultural trend. A decrease in consumer demand for silk ties has led to a decrease in demand for silk because the demand for silk is ________.

Question

Quizplus · Accepted Answer

The demand for silk ties is derived from the demand for business attire, which is a result of the cultural trend towards business casual. Therefore, the demand for silk is derived from the demand for silk ties.

Many Businesses Today Are Abandoning Traditional Business Attire and Allowing