Question 9
Theory of DemandWhich of the following is an example of derived demand?
- A.Textbook
- B.Labour
- C.Staple food
- D.Mobile phone
Show the answer and explanation
Answer: B (Labour)
Explanation
Labour is wanted for the goods it helps produce.
Which of the following is an example of derived demand?
Answer: B (Labour)
Labour is wanted for the goods it helps produce.