Multiple Choice
Which of the following is the best example of a derived demand?
A) an increase in the wage for yoga instructors causes an increase in the demand for yoga classes
B) a decrease in the price of Pilates classes causes an increase in the demand for yoga classes
C) an increase in demand for yoga classes causes an increase in demand for yoga instructors
D) a decrease in the demand for yoga mats causes a decrease in demand for yoga classes
E) an increase in awareness about fitness causes an increase in demand for yoga classes
Correct Answer:

Verified
Correct Answer:
Verified
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Q21: Consider the following table for a firm.The
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Q26: The diagram below shows the MRP curve
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Q28: Which of the following statements about equilibrium