Homework Answers
Option B.
- Derived demand refers to an increase in the demand of one good due to the rise in the demand of its related good or a service.
- An increase in the demand for tickets increases the demand for movies is an example of derived demand because a ticket is considered as an intermediate good used for watching a movie and if it's demand Increases then the demand for movies also rise which shows that demand for movies is a derived demand.
Add Answer to:
As a feature of demand for labor, which of the following scenarios offers the best example of derived demand? O A d...
which if the following most clearly illustrates the concept of “derived demand” Question 6 (1 point)...
which if the following most clearly illustrates the concept of
“derived demand”
Question 6 (1 point) Which of the following most clearly illustrates the concept of "derived demand"? An increase in the price of steak causes the demand for poultry to increase. An increase in the demand for new houses leads to an increase in the demand for construction workers. An increase in consumer income leads to an increase in the demand for services provided by the government. An increase...
26. The law of demand states that, other things equal, an increase in
26. The law of demand states that, other things equal, an increase in a. price causes quantity demanded to increase. b. price causes quantity demanded to decrease. c. quantity demanded causes price to increase. d. quantity demanded causes price to decrease. 27. Refer to Figure 4. Which of the following would cause the demand curve to shift from Demand B to Demand C in the market for DVDs in the United States? a. a decrease in the price of DVDs b. a decrease in the price of DVD...
Which of the following is best example of product with perfectly inelastic demand? 21. Which of...
Which of the following is best example of product with perfectly inelastic demand? 21. Which of the following is the best example of a product with a perfectly inelastic demand? a. the demand for gasoline brthe demand for tickets in Toronto when the Blue Jays are in the World Series. c. demand for insulin for a diabetic. d. the demand for a college education by a student who has a full scholarship to a top school (according to the Maclean's...
8.) Derived demand is exemplified in which of the following? a.) The salary of computer techs...
8.) Derived demand is exemplified in which of the following? a.) The salary of computer techs rise, resulting in a decrease in supply and an increase in demand. b.) The salary of computer techs fall, resulting in an increase in supply and a decrease in demand. c.) Consumers want computers, so producers raise the price of computers. d.) Consumers want faster computers, so technology firms invest in capital and labor. e.) None of the above 9.) Demand for capital a.)...
Which of the following scenarios would definitely cause the price of good or service to decrease? (Check all that apply.)
Which of the following scenarios would definitely cause the price of good or service to decrease? (Check all that apply.) decrease in demand; no change in supply no change in demand; decrease in supply increase in demand; decrease in supply no change in demand; increase in supply increase in demand; no change in supply increase in demand; increase in supply decrease in demand; decrease in supply decrease in demand; increase in supplySelect the best matches from the lists below.
21. Which of the following is the best example of a product with a perfectly inelastic demand? a. the demand for...
21. Which of the following is the best example of a product with a perfectly inelastic demand? a. the demand for gasoline. b. the demand for tickets in Toronto when the Blue Jays are in the World Series c. demand for insulin for a diabetic. d. the demand for a college education by a student who has a full scholarship to a top school (according to the Maclean's University Rankings). Line tn enter the market for yoga -
Which of the following will cause the demand for product (A) to decrease? Select one: O...
Which of the following will cause the demand for product (A) to decrease? Select one: O a. an increase in the price of a substitute good (5) O b. an increase in the price of complementary product (C) c. population growth that causes an expansion in the number of persons consuming (A) O d. an increase in money income if (A) is a normal good
Which of the following scenarios best represents an example of punctuated equilibrium? Which of the following...
Which of the following scenarios best represents an example of
punctuated equilibrium?
Which of the following scenarios best represents an example of punctuated equilibrium? Fossils of a marine snail lineage from the New England rocky intertidal zone reveal a slow and consistent elongation in shell shape over 200 million years, from an early species bearing a rounded shell to a more modern species with a cone-shaped shell. O Fossil evidence uncovered in a New Hampshire revealed that a species of...
9.) Ceteris panbus, which of the following would not cause a change in the demand for...
9.) Ceteris panbus, which of the following would not cause a change in the demand for mopeds? (A) A decrease in consumer incomes (B) A decrease in the price of mopeds (C) An increase in the price of bicycles (D) An increase in people's tastes and preferences for mopeds 10.) "Rising oil prices have caused a sharp decrease in the demand for oil." Speaking precisely, and using terms as they are defined by economists, choose the statement that best describes...
Which of the following scenarios could cause the price of good or service to decrease? (Check all that apply.)
Which of the following scenarios could cause the price of good or service to decrease? (Check all that apply.) decrease in demand; increase in supply decrease in demand; no change in supply no change in demand; increase in supply increase in demand; no change in supply no change in demand; decrease in supply increase in demand; decrease in supply increase in demand; increase in supply decrease in demand; decrease in supply
which if the following most clearly illustrates the concept of
“derived demand”
Question 6 (1 point) Which of the following most clearly illustrates the concept of "derived demand"? An increase in the price of steak causes the demand for poultry to increase. An increase in the demand for new houses leads to an increase in the demand for construction workers. An increase in consumer income leads to an increase in the demand for services provided by the government. An increase...
Which of the following is best example of product with perfectly inelastic demand? 21. Which of the following is the best example of a product with a perfectly inelastic demand? a. the demand for gasoline brthe demand for tickets in Toronto when the Blue Jays are in the World Series. c. demand for insulin for a diabetic. d. the demand for a college education by a student who has a full scholarship to a top school (according to the Maclean's...
8.) Derived demand is exemplified in which of the following? a.) The salary of computer techs rise, resulting in a decrease in supply and an increase in demand. b.) The salary of computer techs fall, resulting in an increase in supply and a decrease in demand. c.) Consumers want computers, so producers raise the price of computers. d.) Consumers want faster computers, so technology firms invest in capital and labor. e.) None of the above 9.) Demand for capital a.)...
21. Which of the following is the best example of a product with a perfectly inelastic demand? a. the demand for gasoline. b. the demand for tickets in Toronto when the Blue Jays are in the World Series c. demand for insulin for a diabetic. d. the demand for a college education by a student who has a full scholarship to a top school (according to the Maclean's University Rankings). Line tn enter the market for yoga -
Which of the following will cause the demand for product (A) to decrease? Select one: O a. an increase in the price of a substitute good (5) O b. an increase in the price of complementary product (C) c. population growth that causes an expansion in the number of persons consuming (A) O d. an increase in money income if (A) is a normal good
Which of the following scenarios best represents an example of
punctuated equilibrium?
Which of the following scenarios best represents an example of punctuated equilibrium? Fossils of a marine snail lineage from the New England rocky intertidal zone reveal a slow and consistent elongation in shell shape over 200 million years, from an early species bearing a rounded shell to a more modern species with a cone-shaped shell. O Fossil evidence uncovered in a New Hampshire revealed that a species of...
9.) Ceteris panbus, which of the following would not cause a change in the demand for mopeds? (A) A decrease in consumer incomes (B) A decrease in the price of mopeds (C) An increase in the price of bicycles (D) An increase in people's tastes and preferences for mopeds 10.) "Rising oil prices have caused a sharp decrease in the demand for oil." Speaking precisely, and using terms as they are defined by economists, choose the statement that best describes...
Most questions answered within 3 hours.
-
Write a program to solve the Josephus problem, with the following
modification:
Sample Input:
./a.out n...
asked 13 minutes ago -
At the start of a CD it is spinning at a rate of 525 rpm
(revolutions...
asked 49 minutes ago -
4. Without doing any calculations, predict whether the observed
∆T would increase, decrease or remain the...
asked 2 hours ago -
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 3 hours ago -
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 3 hours ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 3 hours ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 4 hours ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 4 hours ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 4 hours ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 4 hours ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 4 hours ago -
Why are polymers not typically casted into products?
asked 4 hours ago