Which of the Following Best Illustrates the Concept of Derived

question 353

Multiple Choice

Which of the following best illustrates the concept of derived demand?

• A)The number of retail stores in a downtown area decreases even though demand for retail goods increases.
• B)An increase in the number of new, single-family homes results from a spike in the gross national product.
• C)A Chinese plastics company increases its output because of its customers' higher toy exports to the United States.
• D)A heat wave results in an increased demand for air conditioners.
• E)Honda reducing its car prices causes GM to do the same

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Definitions:

Mineral Grains

individual particles or crystals within a rock, defining its texture and often determining its properties and classification.

Cenozoic

The current geological era, beginning 66 million years ago, marked by significant development of mammals.

Geologic Timescale

A chronological dating system used by geologists and other scientists to describe the timing and relationships of events in Earth's history.

Geologic Timescale

A system of chronological dating that classifies geological strata in time, used by geologists, paleontologists, and other Earth scientists to describe the timing and relationships of events in geologic history.