Input Demand Is Called Derived Demand Because

question 1

Multiple Choice

Input demand is called derived demand because

• A) demand for an input is derived from demand for the product or service it produces.
• B) demand for an input is derived from its availability in the input market.
• C) demand for the output produced is also derived from consumer demand.
• D) input demand actually determines how much output is produced.

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Definitions:

Conditional Endorsement

An endorsement on a negotiable instrument that imposes conditions on the use or payment of the instrument.

Payment

The transfer of money or goods from one party to another as compensation or for goods and services received.

Restrictive Endorsement

A limitation placed on a check or other negotiable instrument, specifying conditions under which it can be transferred.

Conditional Endorsement

Conditional endorsement refers to a modification or restriction added to a document or contract that specifies certain terms or conditions must be met.