Multiple Choice
Which of the following best illustrates the concept of "derived demand"?
A) A decrease in the price of glass causes the demand for plastic to decrease.
B) An increase in the demand for bread leads to an increase in the demand for flour.
C) A decrease in the price of air travel leads to an increase in the quantity demanded of air travel.
D) An increase in the demand for peanut butter leads to an increase in the demand for jelly.
Correct Answer:
Verified
Correct Answer:
Verified
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