Which of the following offers the best example of derived demand?
A) An increase in the demand for movie tickets causes an increase in the demand for popcorn.
B) An increase in demand for movie tickets causes an increase in the demand for movie theatre workers.
C) A decline in the demand for cars causes an increase in the demand for bus rides.
D) An increase in the demand for cars causes an increase in the demand for gasoline.
Correct Answer:
Verified
Q45: A decrease in the demand for the
Q46: In a perfectly competitive labor market,when a
Q47: All other things staying the same,an increase
Q48: A firm will hire a unit of
Q49: Derived demand is a demand for
A)final goods
Q51: An improvement in managerial efficiency in a
Q52: Demand for a factor can shift for
Q53: If at a firm's current level of
Q54: If a firm acquires new machines that
Q55: You operate a shop that repairs TVs
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