Multiple Choice
Which of the following best describes the concept of derived demand?
A) The price of land used to grow corn helps determine the price of corn.
B) The price of corn helps determines the price of land used to grow corn.
C) Cheap labour means cheap corn.
D) The price of land used to grow corn is inversely related to the price of corn.
Correct Answer:
Verified
Correct Answer:
Verified
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