Question

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

Salesofindustrialproductsjetenginesfrequentlyresultfromthesaleofconsumerservice

A The number of retail stores in a downtown area decreases and demand for retail goods increases.

B An increase in the number of new single family homes results from a spurt in the gross national product.

C The heat wave results in an increased demand for air conditioners.

D Jet engine manufacturers experience increased sales because more tourists are taking international vacations.

E None of these

Practice Next

More Basics of Marketing Management Questions