Asked by
Lander Tabalno
on Oct 12, 2024
Verified
A fall in the demand for the final product brings about
A) a rise in derived demand.
B) a fall in derived demand.
C) no change in derived demand.
Derived Demand
The demand for a good or service that arises from the demand for another good or service.
Final Product
A final product refers to a good or service that has completed all stages of production and is ready for sale or consumption.
- Determine the connection between the need for goods and services (final demand) and the subsequent requirement for resources (derived demand).
Verified Answer
YP
Learning Objectives
- Determine the connection between the need for goods and services (final demand) and the subsequent requirement for resources (derived demand).