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Shalnov [3]
3 years ago
10

When the Toyota Prius first entered the marketplace, dealers kept waiting lists of people wanting one and the factories had to r

amp up production and order more raw materials. Increased factory product indicates derived demand.True / False.
Business
1 answer:
slavikrds [6]3 years ago
3 0
<h3>Increased factory product indicates derived demand is True statement. </h3>

Explanation:

The dealers kept waiting lists of people wanting Toyota Prius, so ordering more raw materials required to ramp up production is a clear example of derived demand.

Derived demand is an economic term that describes the demand for a certain good or service arising from a demand for similar, necessary goods or services.  

Derived demand represents the association between the demand of customers for the output of a company and the purchase by the company of the required inputs for the production or assembly of that particular output.

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Suppose the United States has two​ utilities, Commonweath Utilities and Consolidated Electric. Both produce 20 million tons of s
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Answer:

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3 years ago
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The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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3 years ago
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