Derived Demand Is Demand

question 46

Multiple Choice

Derived demand is demand:

• A)from consumers for new goods and services.
• B)from manufacturers to find new customers.
• C)linked to the production and sale of some other item.
• D)as specified by governmental orders.

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Definitions:

Criminal Penalties

Sanctions or punishments imposed by a court upon individuals or entities found guilty of committing a crime.

Consumer Information

Details or data about products and services designed to assist individuals in making informed purchasing decisions.

False Pretenses

Instances where an individual deliberately and falsely represents facts to deceive others, often for personal gain.

Fair Credit Billing Act

A U.S. federal law designed to protect consumers from unfair billing practices and to provide a mechanism for addressing billing errors on credit accounts.