Author Question: The demand for a productive resource, not for its own sake, but for use in the production of goods ... (Read 111 times)

CORALGRILL2014 · **on:** Jun 29, 2018

The demand for a productive resource, not for its own sake, but for use in the production of goods and services is called a ________.

A) goods and services demand
B) production demand
C) derived demand
D) resource demand

Question 2

When demand increases, the equilibrium price ________ and the equilibrium quantity ________.

A) rises; decreases
B) falls; decreases
C) rises; increases
D) falls; increases