Multiple Choice
Factor markets are different from product markets in an important way because
A) equilibrium is the exception, and not the rule, in factor markets.
B) the demand for a factor of production is a derived demand.
C) the demand for a factor of production is likely to be upward sloping, in violation of the law of demand.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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