Question

Which of the following is an example of derived demand​? A. The​ Co-op faces an increased demand for organic fruits. B. There is a sudden surge in the demand for real estate. C. Jim produces 20 jackets a day in his garment factory and hires labor used to produce that profit maximizing quantity. D. Most firms earn a normal profit in the long run.

Answer 1

Answer:

C. Jim produces 20 jackets a day in his garment factory and hires labor used to produce that profit maximizing quantity

Explanation:

Derived demand is when the demand for a good or service is as a result of demand for another good or service.

Derived demand is when there's a demand for a factor of production or intermediate good as a result of demand for a good or service.

I hope my answer helps you.