It Is True of the Demand Side of the Market

question 107

Multiple Choice

It is true of the demand side of the market for input pricing that

• A)the same marginal productivity principle serves as the foundation for the demand schedule for each type of input.
• B)the demand schedule for one input cannot be determined independently of demand schedules for other inputs.
• C)the demand curve is the complete MRP curve.
• D)any inward shift in demand for a commodity will result in outward shifts in the demand curves for the inputs used to produce the commodity.

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Definitions:

Physical State

The classification of matter as a solid, liquid, gas, or plasma based on intermolecular forces and energy.

Unsaturated

Referring to a compound, especially fats or oils, with at least one double bond between carbon atoms, allowing the addition of more hydrogen atoms.

Locard's Exchange Principle

A principle in forensic science that states every contact leaves a trace, meaning a criminal will always bring something into the crime scene and leave with something from it.

Cellulose

A complex carbohydrate or polysaccharide that forms the main structure of plant cell walls and is used in the production of paper, textiles, and various bioproducts.