If the demand for labor is a derived demand,then the demand for airplane pilots depends on the:

Question

Quizplus · Accepted Answer

The demand for airplane pilots is a derived demand because it depends on the demand for airline travel. If the desire for airline travel increases, then there will be a higher demand for pilots to operate the planes. Conversely, if the desire for airline travel decreases, then the demand for pilots will decrease as well. Factors such as the amount of training pilots receive, the cost of hiring a pilot, and the number of pilots in the industry can all affect the supply of pilots, but they do not directly impact the demand for pilots.

If the Demand for Labor Is a Derived Demand,then the Demand