Factor Markets Are Different from Product Markets in an Important

question 293

Multiple Choice

Factor markets are different from product markets in an important way because

• A)equilibrium is the exception, and not the rule, in factor markets.
• B)the demand for a factor of production is a derived demand.
• C)the demand for a factor of production is likely to be upward sloping, in violation of the law of demand.
• D)All of the above are correct.

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