APFIVE Characteristics of Derived Demand
All of the following statements about derived demand are true EXCEPT:
A
Shifts in consumer preferences can indirectly affect the demand for production inputs through derived demand.
B
Derived demand is the demand for a factor of production, due to the demand for the final product.
C
Derived demand refers to the demand for goods produced for direct consumer satisfaction.
D
The level of derived demand for labor is influenced by changes in the demand for the product the labor helps produce.
Question Leaderboard
| Rank | |||||
|---|---|---|---|---|---|
| #1 | jasmineleung1007 | 1 | 2 | 0m 28s | 62 |
| #2 | prishaprishaprisha | 1 | 2 | 1m 10s | 20 |
| #3 | 1004yoonjay | 0 | 2 | 0m 00s | -20 |
Items per page:
10
1 – 3 of 3