Which of the Following Examples Best Illustrates the Concept of Derived

question 42

Multiple Choice

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

• A)An increase in the price of beef results in an increase in the demand for fish.
• B)The higher the demand for automobiles,the greater the demand for steel.
• C)The demand for Pepsi varies directly with the price of Coke.
• D)The demand for a good varies inversely with its price.

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Definitions:

Hard-To-Guess Passwords

are secure, complex passwords that are difficult for others to predict, enhancing protection against unauthorized access.

Internet Gambling

Engaging in the act of betting or placing stakes on games of chance via the internet.

Tax Revenue

The income that is gained by governments through taxation, which is used to fund public services and government obligations.

Organized Crime

Crime committed by structured groups typically involving the provision of illegal goods and services.