Derived Demand for resources

I have a problem in economics on Derived Demand for resources. Please help me in the following question. As demands for the resources ultimately based on consumer’s demands for goods then the demand for labor is: (1) Termed as a derived demand. (2) Perfectly elastic demand curve. (3) Perfectly inelastic demand. (4) Horizontal line.

Choose the right answer.

View Complete Question

Related Questions in Microeconomics

Q : Relatively price inelastic and consumer

When demand for a consumer good is relatively price inelastic, in that case the: (i) total spending of consumers will decline when the price rises. (ii) demand curve is linear and vertical. (iii) price of the good is determined through supply alone. (

Q : What is change in quantity demanded

Change in quantity demanded: When change in demand takes place due to price alone, it is termed as change in quantity demanded.

Q : Classified industries as oligopolistic

Industries which would be classified as oligopolistic comprise: (w) public utilities. (x) postal service. (y) breakfast cereal. (z) retailing. Hello guys I want your advice. Please recommend some views for above

Q : Economic good becomes an economic bad

Economic good becomes an economic bad whenever consumption is expanded into an area where: (1) Marginal returns are reducing. (2) Sellers experience an honest hazard. (3) Marginal utility is negative. (4) Buyers suffer from unfavorable choice. (5) Exc

Q : Problem on market demand for housing

All as well equivalent, population growth would tend to rise the: (i) Demand for housing for each and every family. (ii) Supply of natural resources. (iii) Shares of family budgets spend on luxuries. (iv) Market demand for housing.

Q : Creating externalities to spread costs

In efforts to offset specific failures of the private sector, government policy within a mixed-capitalist economy would be least reasonably intended at an objective of: (1) creating externalities to spread the costs of various activities across all me

Q : Price elasticity of demand at high and

Moving by left to right along demand curve D, then price elasticity of demand for cheesy fried grits of Pixie is mostly: (w) positive, then unitary, then negative. (x) constant and equivalent to one. (y) greater at high prices than at low prices. (z)

Q : Minimum Wage Laws-Unemployment Rises in

Rises in the legal minimum wage rate have not been answerable for rising: (i) Unemployment among the teenagers. (ii) Racial discrimination in the employment. (iii) Unemployment between skilled workers who have lost their jobs since of competition from the cheaper impo

Q : Occurrence of price discrimination

Price discrimination arises whenever: (1) prices are exactly proportional to average variable costs. (2) customers who refuse to pay the market price must go without. (3) a good is sold at different prices not reflecting differences in costs. (4) perf

Q : Labor Force Participation Rates The

The percentage of a specified population who are either unemployed or employed is termed as the: (1) labor force participation rate. (2) work-force proportion. (3) labor supply. (4) substitution effect dominance rate. (5) income-leisure loss curve.

Discover Q & A

Leading Solution Library

Avail More Than 1438784 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1935018
Asked

3,689

Active Tutors

1438784

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment