Question

The demand for labor is a derived demand. That means it is dependent upon the I
a. Demand for other inputs.
b. Demand for goods and services. I
c. Supply of other inputs.
d. Supply of goods and services.​

Answer 1

b demand for goods and services

Answer 2

The demand for labor is a derived demand, which means it is dependent upon the: C. supply of other inputs.

What is demand?

In Economics, demand can be defined as the total quantity of goods and services that are required by consumers at a particular price and period of time.

Generally, he demand for labor is a derived demand, which means it is typically dependent upon the supply of other inputs.

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