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Question
Derived demand refers toA. a graph relating the quantity sold and price, which shows the maximum number of units that will be sold at a given price.
B. the demand for industrial products and services that is driven by the demand for consumer products and services.
C. the relationship between total revenue and total cost to determine profitability at various levels of output.
D. the point on a demand curve where supply and demand intersect.
E. the percentage change in quantity demanded relative to a percentage change in price.
Answer
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