Limited access

Upgrade to access all content for this subject

In which of the following examples is the demand for automobiles described as a derived demand?

A

The demand for gasoline-powered automobiles increases when the price of gasoline falls.

B

The demand for automobiles increases as a result of increases in income.

C

The demand for automobiles used as taxis decreases as a result of an app that allows individuals to use private drivers instead of taxis.

D

The demand for automobiles decreases as a result of people using public transportation instead of personal automobiles.

E

More automobiles are purchased as a result of automobile manufacturers offering rebates and lower interest rates.

Select an assignment template