Which of the Following Best Describes the Concept of Derived

question 85

Multiple Choice

Which of the following best describes the concept of derived demand?

• A) The price of land used to grow corn helps determine the price of corn.
• B) The price of corn helps determines the price of land used to grow corn.
• C) Cheap labour means cheap corn.
• D) The price of land used to grow corn is inversely related to the price of corn.

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Definitions:

Criticism

The expression of disapproval of someone or something based on perceived faults or mistakes.

Contempt

An intense feeling of disdain or scorn for someone or something considered to be inferior or worthless.

Paranoid

A mental state or trait characterized by excessive suspicion and distrust of others without sufficient basis.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a comprehensive classification system for mental disorders published by the American Psychiatric Association.