Since the demand for labor depends on the demand for the product labor produces, the demand for labor is called:
a. primary demand.
b. secondary demand.
c. dependent demand.
d. derived demand.
d
Economics
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How are market price, average revenue, and marginal revenue related for a perfectly competitive firm and why?
What will be an ideal response?
Economics
Which of the following is not a characteristic of monopolistically competitive firms in the long run:
A. there is no deadweight loss. B. firms charge a price above marginal cost. C. each firm maximizes profits. D. firms earns zero profits
Economics