Which of the following best illustrates the concept of derived demand?
A) An increase in the wages of autoworkers leads to an increase in the demand for robots in
B) An auto firm decides to supply more minivans when there is a decrease in the demand for station wagons.
C) An increase in the price of gasoline leads to an increase in the demand for small cars.
D) An automobile firm faces an increase in the demand for the cars it supplies to the market, leading to an increase in the demand for autoworkers.
E) A change in the emission standards increases the demand for small cars.
Correct Answer:
Verified
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