
The term "derived demand" refers to
A) the demand for financial products called derivatives.
B) the demand for a factor of production that is derived from the demand for the good the factor produces.
C) a firm's estimated demand curve derived from sales data.
D) a demand curve that derives from the availability of resources.
Correct Answer:
Verified
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Q56: Figure 17-2 Q57: The change in a firm's revenue as Q59: The benefit to the firm from hiring Q60: Figure 17-2 Q61: A profit-maximizing perfectly competitive firm should hire Q62: An increase in a perfectly competitive firm's Q63: Figure 17-2 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