Which of the Following Factors Have a Derived Demand

question 89

Multiple Choice

Which of the following factors have a derived demand?
i.labor
ii.capital
iii.raw materials

• A) i and ii
• B) ii and iii
• C) i and iii
• D) i, ii, and iii
• E) i only

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Definitions:

Contract

An agreement between two or more parties that is recognized and enforceable by legal systems.

Liability

Refers to the state of being legally responsible for something, typically in the context of debts or legal wrongs.

Express Permission

Explicit authorization or consent given by a party to another to perform an action or use property or information.

Lakeside Property

Real estate located adjacent to or near a lake, often valued for its picturesque views and recreational opportunities.