In the Following Figure, the First Panel Shows a Market

question 68

Multiple Choice

In the following figure, the first panel shows a market situation prior to regulation and the second panel shows the effects of regulation.Figure 14.2
In the figure,
D: Demand curve for automobiles
S₁: Supply curve of automobiles prior to regulation
S₂: Supply curve of automobiles after regulation
FG: Clean up cost per unit
-Goods which are demanded to produce something else are said to have a(n) :

• A)direct demand.
• B)composite demand.
• C)derived demand.
• D)joint demand.
• E)inelastic demand.

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