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      Question

      Which of the following best illustrates the concept of

      derived demand?
      A The number of retail stores in a downtown area decreases and demand for retail goods increases. Correct Answer Incorrect Answer
      B An increase in the number of new single family homes results from a spurt in the gross national product. Correct Answer Incorrect Answer
      C The heat wave results in an increased demand for air conditioners. Correct Answer Incorrect Answer
      D Jet engine manufacturers experience increased sales because more tourists are taking international vacations. Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Sales of industrial products (jet engines) frequently result from the sale of consumer service

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