Increased demand for product A increases the demand for resources used to produce product A. What is the best explanation for the increase in the demand for resources? A. The theory of derived demand is working. B. Product A is in an expanding industry. C. The theory of the "invisible hand" is working. D. The demand for product A is highly elastic.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Increased demand for product A increases the demand for resources used to produce product A. What is the best explanation for the increase ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
When you take out a mortgage your home becomes the collateral. true or false
Answers (1)
Dermody Snow Removal's cost formula for its vehicle operating cost is $2,930 per month plus $323 per snow-day. For the month of December, the company planned for activity of 17 snow-days, but the actual level of activity was 16 snow-days.
Answers (1)
All of the following are arguments in favor of social responsibility except: Select one: a. Corporate action to cure social problems makes some government regulation of corporate activity unnecessary. b.
Answers (1)
Match the value chain activity in the left column with the scenario in the right column: 1. customer call center 2. supply schedules 3. order taking 4. accounting department 5. staff training 6. research and development 7.
Answers (1)
Jand, Inc., currently pays a dividend of $1.32, which is expected to grow indefinitely at 4%. If the current value of Jand's shares based on the constant-growth dividend discount model is $33.16, what is the required rate of return?
Answers (1)
New Questions in Business
Sharp Focus Cameras is facing intense competitive pressure. Top marketing managers are looking for ways to cut costs. They are considering a plan to cut distribution costs by eliminating marketing intermediaries from the channel of distribution.
Answers (1)
Older adults who participated in 20 one-hour video game training sessions with the program lumosity showed reduction in their:
Answers (1)
The total of tools, equipment, machinery, and buildings used to produce goods and services is called supply. True or False
Answers (1)
What percentage of federal revenues is made up of corporate taxes
Answers (1)
F Rudy offers Oscar $200 for his laptop valued at $600 and Oscar agrees, a court will probably
Answers (1)