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    Microeconomics Study Set 8
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    Exam 12: The Markets for Labour and Other Factors of Production
  5. Question
    Labour Demand Is Considered a Derived Demand Because Producers Do
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Labour Demand Is Considered a Derived Demand Because Producers Do

Question 237

Question 237

True/False

Labour demand is considered a derived demand because producers do not demand labour for itself but only because labour is used to produce output that consumers desire.

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