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Q: 7) The concept of derived demand can best be illustrated by the statement: a. An increase in the price of butter results in an increase in the demand for margarine. b. A decrease in the price of
automobiles results in greater demand for automobiles, and the greater demand in automobiles results in greater demand for automobile windshields. c. The demand curve is derived from the law of supply. d. The demand for clothes depends upon buyers’ incomes.
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Asked 7/7/2013 5:09:03 PM
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