Which of the Following Best Illustrates the Concept of "Derived

question 95

Multiple Choice

Which of the following best illustrates the concept of "derived demand?"

• A)An increase in the wages of auto workers will lead to an increase in the demand for robots in automobile factories.
• B)An automobile producer's decision to supply more cars will lead to an increase in the demand for automobile production workers.
• C)An automobile producer's decision to supply more minivans results from a decrease in the demand for station wagons.
• D)An increase in the price of gasoline will lead to an increase in the demand for small cars.