Which of the Following Best Illustrates the Concept of Derived

question 82

Multiple Choice

Which of the following best illustrates the concept of derived demand as explained in the text?

• A)The number of retail stores in a downtown area decreases and demand for retail goods increases.
• B)An increase in the number of new single family homes results from a spurt in the gross national product.
• C)The heat wave results in an increased demand for air conditioners.
• D)Jet engine manufacturers experience increased sales because more tourists are taking international vacations.

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Definitions:

Grid Layout

A structural arrangement in retail or digital design that organizes content or products into columns and rows, facilitating ease of navigation.

Loop Layout

A type of retail layout with a predominant aisle running through the store that quickly leads customers to their desired department.

Recognition Clause

A provision in a contract that specifies the conditions under which a party acknowledges something as true, such as union recognition in labor contracts.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, used as an indicator of inflation.