Author Question: A demand for a factor of production is said to be "derived" because the factor's demand depends (Read 165 times)

allihubbard · **on:** Oct 12, 2022

Question 1

In a competitive labour market, an increase in the demand for labour might be due to an increase in the
◦ supply of labour.
◦ demand for the product that labour produces.
◦ wage rate.
◦ supply of the product that labour produces.
◦ supply of the other factors.

Question 2

A demand for a factor of production is said to be "derived" because the factor's demand depends
◦ heavily on government policy.
◦ entirely on corporate advertising.
◦ heavily on public choice.
◦ on the demand for the good or services it helps to make.
◦ entirely on the cost of the factor.

Sophia0717 · **Reply #1 on:** Oct 12, 2022

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