Which of the Following Is the Best Example of Derived

question 68

Multiple Choice

Which of the following is the best example of derived demand?

• A) Advertising creates a demand for a new product.
• B) Increased oil prices reduce the demand for large automobiles.
• C) An increase in wages causes firms to substitute capital for labor.
• D) A decrease in the demand for grapes reduces the demand for grape pickers.
• E) The market demand schedule is derived by summing all individual demand curves.

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Definitions:

Movable Part

A component within a mechanism that changes position or operates dynamically to perform a specific function.

Relay

A relay is an electromechanical switch used in electrical circuits to control a high-power or high-voltage load with a small input signal, often utilized for safety and control purposes.

Armature

The rotating part of an electric generator or motor that interacts with the magnetic field to produce electromotive force.

Chute Plates

Components used in machinery for guiding or directing materials through a designated path or chute.