Which of the Following Best Illustrates the Concept of "Derived

question 95

Multiple Choice

Which of the following best illustrates the concept of "derived demand?"

• A)An increase in the wages of auto workers will lead to an increase in the demand for robots in automobile factories.
• B)An automobile producer's decision to supply more cars will lead to an increase in the demand for automobile production workers.
• C)An automobile producer's decision to supply more minivans results from a decrease in the demand for station wagons.
• D)An increase in the price of gasoline will lead to an increase in the demand for small cars.

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Definitions:

Oral Media

Communication methods that involve spoken language to convey messages, such as radio, storytelling, or oral traditions.

Visual Media

Forms of communication that use visual elements, such as images, videos, or graphics, to convey information or messages.

Written Media

Forms of communication and expression that involve writing, ranging from books and newspapers to emails and social media posts.

Mobile Devices

Portable electronic gadgets, such as smartphones and tablets, that allow users to access, store, transmit, and manipulate information.