Business, 20.12.2019 19:31, jwilliamsstudent

Which of the following best illustrates the concept of "derived demand? "

a) an increase in the wages of auto workers will lead to an increase in the demand for robots in automobile factories.
b) an automobile producer's decision to supply more cars will lead to an increase in the demand for automobile production workers.
c) an increase in the price of gasoline will lead to an increase in the demand for small cars.
d) an automobile producer's decision to supply more minivans results from a decrease in the demand for station wagons.

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Which of the following best illustrates the concept of "derived demand? "

a) an increas...