If the Demand for a Product Produced by an Input

question 173

True/False

If the demand for a product produced by an input decreases, the demand for the input will also decrease.

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Definitions:

Obligated

Being legally or morally bound to do something or to fulfill a contract or promise.

Drawer

The person who issues or writes a negotiable instrument, such as a check, directing the payment of the specified amount of money.

Demand Instrument

A financial instrument that is payable immediately upon demand, such as a check or certain promissory notes.

Definition

A precise statement or description of the nature, scope, or meaning of something.