Which of the Following Is the Best Example of a Derived

question 65

Multiple Choice

Which of the following is the best example of a derived demand?

• A)a decrease in the price of Pilates classes causes an increase in the demand for yoga classes
• B)an increase in awareness about fitness causes an increase in demand for yoga classes
• C)an increase in the wage for yoga instructors causes an increase in the demand for yoga classes
• D)an increase in demand for yoga classes causes an increase in demand for yoga instructors
• E)a decrease in the demand for yoga mats causes a decrease in demand for yoga classes

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Definitions:

Building Contract

A legal agreement detailing the terms under which construction work is to be carried out, including obligations, timelines, and payment details.

Lumber Supply Company

A business entity that specializes in sourcing, distributing, and possibly manufacturing wood and wood products for various uses.

Contractual Relationship

A legal connection between parties established by an agreement defining their rights and obligations.

Material

Significant information or items necessary for the production of goods or the performance of tasks, often considered vital to the outcome of a process.