Multiple Choice
How does demand in factor markets differ from demand in product markets?
A) The demand for a factor of production is difficult to determine.
B) The demand for a factor of production is influenced by workers' productivity and by the producers' expected sales revenues, not by tastes and preferences of consumers.
C) Demand for a factor of production is based on the tastes and preferences of firms.
D) Demand for a factor of production is based on the tastes and preferences of resource owners.
Correct Answer:
Verified
Correct Answer:
Verified
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