Which of the Following Best Describes the Concept of "Derived

question 138

Multiple Choice

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

• A)The price of corn land determines the price of corn.
• B)The price of corn land has nothing to do with the price of corn.
• C)The price of corn determines the price of the land on which corn is grown.
• D)Cheap labor means cheap corn.

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Definitions:

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