A given percentage increase in consumer demand can lead to a larger percentage increase in the demand for plant and equipment necessary to produce the additional output. Economists refer to this as ________
A) derived demand
B) inelastic demand
C) the acceleration effect
D) a straight rebuy
E) the sales cycle
C
Business
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Indicate whether the statement is true or false
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Comprehensive medical insurance is designed to
A) provide major protection against most medical expenses with a small deductible. B) do the same as answer "A" above, but it also includes disability income protection. C) provide protection against a comprehensive array of accidents and illnesses, but with relatively low coverage against any of them. D) replace traditional insurance such as Blue Cross/Blue Shield.
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