Question

Suppose that a new high school opens next to a popular fast food restaurant. Explain what will happen to the derived demand for chefs at the restaurant.

Answer 1

Answer:

the derived demands would most likely be increased.

Explanation:

When the new high school opened next to the fast food resturant i.e. popular so here it increased the consumers for that restaurant also the majority of the consumers would be the students only as it near by the school. Also the price should be cheap so that it can be easily afforded by the students

Therefore the derived demand should be likely to rise