The Industry Demand for an Input Is Called Derived Demand

question 36

Multiple Choice

The industry demand for an input is called derived demand because:

• A)the demand for the input is derived from the demand for the final product.
• B)the industry's input demand curve is the same as the firm's input demand curve.
• C)the demand for the input is derived from the supply of other inputs.
• D)the industry's input demand curve coincides with the marginal product curve of the input.

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