Which of the Following Represents a Derived Demand? Demand for

question 127

Multiple Choice

Which of the following represents a derived demand? Demand for

• A) a taco by Sam when she is hungry.
• B) golf balls by Jose, who is planning on going golfing with his boss.
• C) a grocery clerk by the local Safeway.
• D) an automobile by Jack, who wants a car to get to school.
• E) new clothing by Shaniq, who is starting a new job.

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Definitions:

Advanced Analysis

Involves the use of sophisticated techniques and tools to examine data or problems to derive deeper insights or solutions.

P = 4 + 3Q

A linear equation representing a direct relationship between price (P) and quantity (Q), where 4 is the fixed component, and 3 indicates the change in price per unit change in quantity.

Consumer Substitute

A product or service that consumers can choose as an alternative to another, similar product.

Supply Of Wheat

The quantity of wheat available in the market from producers at various price levels.