F18 The demand for a factor of production is called a derived demand because it is derived fromO A. a financial market.O B. the ideas of an entrepreneur.C. a table of specific prices and quantities.OD. the demand for goods and services produced by the factor of production.OE. the supply of the factor of production.

Derived demand is the demand that is derived from demand from some other commodity. For eg: you want…

The demand for a factor of production is called a derived demand because it is derived from O A. a financial market. OB. the ideas of an entrepreneur. Oc. a table of specific prices and quantities. OD. the demand for goods and services produced by the factor of production. OE. the supply of the factor of production.

The demand for a factor of production is called a derived demand because it is derived from O A. a financial market. OB. the ideas of an entrepreneur. Oc. a table of specific prices and quantities. OD. the demand for goods and services produced by the factor of production. OE. the supply of the factor of production.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter4: Labor And Financial Markets

Section: Chapter Questions

Problem 26CTQ: Why are the factors that shift the demand for a product different from the factors that shift the...

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