Independent Demand Is the Demand for a Product or Service

question 71

True/False

Independent demand is the demand for a product or service caused by the demand for other products or services.

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Definitions:

Oil

A viscous liquid derived from petroleum, used as fuel and in the manufacture of various goods.

Natural Gas

An energy-producing fossil fuel that predominantly contains methane, utilized for heating, cooking, and generating electricity.

Net Energy Ratio

A metric that compares the amount of energy produced to the amount of energy used to produce it.

Natural Gas

A fossil fuel composed primarily of methane, used for heating, electricity generation, and as a fuel for vehicles.