Derived Demand Is

question 49

Multiple Choice

Derived demand is

• A) a graph relating the quantity sold and price, which shows the maximum number of units that will be sold at a given price.
• B) the demand for industrial products and services that is driven by the demand for consumer products and services.
• C) the relationship between total revenue and total cost to determine profitability at various levels of output.
• D) the point on a demand curve where supply and demand intersect.
• E) the percentage change in quantity demanded relative to a percentage change in price.

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