Factor markets are different from product markets in an important way because
A: equilibrium is the exception, and not the rule, in factor markets.
B: the demand for a factor of production is a derived demand
C: the demand for a factor of production is likely to be upward sloping, in violation of the law of demand.
D: All of the above are correct.
A: equilibrium is the exception, and not the rule, in factor markets.
B: the demand for a factor of production is a derived demand
C: the demand for a factor of production is likely to be upward sloping, in violation of the law of demand.
D: All of the above are correct.
举一反三
- Factor markets are different from product markets in an important way because A: equilibrium is the exception, and not the rule, in factor markets. B: the demand for a factor of production is a derived demand C: the demand for a factor of production is likely to be upward sloping, in violation of the law of demand. D: All the answers are correct.
- 中国大学MOOC: Factor markets are different from product markets in an important way because
- 中国大学MOOC: Labor markets are different from most other markets because labor demand is
- If demand increases by a factor of k, the optimal lot size increases by a factor of
- In B2B markets, the demand for coffee beans is related to the demand for coffee machines. This example reflects elastic demand.