Verdun Windows Is the Canadian Supplier of High-Quality, Energy-Efficient Windows

question 37

Multiple Choice

Verdun Windows is the Canadian supplier of high-quality, energy-efficient windows for homes and offices.The housing boom in Canada in the late 1990s through the early 2000s resulted in a 500 percent increase in the amount of windows Verdun sold when compared to the period from 1990 to 1993, when the housing market was sluggish.This is an example of:

• A)derived demand.
• B)low interest rates that make mortgages affordable.
• C)the acceleration principle.
• D)cross elasticity of demand for new homes.
• E)joint demand for new homes.