Multiple Choice
Which of the following is an example of a change in derived demand?
A) The demand for ice cream increases during a heat wave.
B) The demand for large pickup trucks falls when the price of gasoline increases.
C) The demand for buns increases when the price of food truck hot dogs increases.
D) The demand for sunscreen falls when the local swimming pool increases prices.
Correct Answer:
Verified
Correct Answer:
Verified
Q220: What involves taking the risks that are
Q221: Regulations to prevent Usury are meant to<br>A)limit
Q222: A lottery promises a $250,000 prize.But the
Q223: Usury laws typically regulate<br>A)interest rates paid on
Q224: Capital is a flow of resources into
Q226: Suppose Billy runs a baseball team but
Q227: The windfall profits tax on oil will
Q228: In the U.S.economy, labor receives<br>A)the lowest share
Q229: Interest is the payment for the use
Q230: A firm should make an investment only