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Business, 07.07.2019 17:00, npellot123

Explain the relationship between wages and derived demand

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Business, 26.07.2019 02:30, cmucutie1
Which of the following best illustrates the concept of "derived demand"? a.an increase in the wages of autoworkers leads to an increase in the demand for robots in automobile factories.b.an auto firm decides to supply more minivans when there is a decrease in the demand for station wagons.c.an increase in the price of gasoline leads to an increase in the demand for small cars.d.an automobile firm faces an increase in the demand for cars it supplies to the market, which leads to an increase in the demand for auto workers.
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Предмет
Business, 02.10.2019 17:00, angelolucero146
The demand for labor is described as a derived demand because : a) it is derived by workers seeking to earn income to fund the consumption of goods and services.b) it is derived by producers seeking to make profits by starting new businesses.c) it is derived from government institutions which rely on labor markets for the purpose of raising tax revenue.d) it is derived from the demand for products that use labor in the production process.
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