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morpeh [17]
3 years ago
13

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.
Business
1 answer:
kvasek [131]3 years ago
7 0

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.

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