Ayushi Asked a Question
August 13, 2020 12:50 pmpts 30 pts
40. Which one of the following is not the determinant of factor demand? (1) Derived demand (2) Productivity of factor (3) Work-leisure ratio (4) Degree of substitutability
  • 1 Answer(s)
  • 0 Likes
  • 1 Comments
  • Shares
  • Nidhi taparia Best Answer
    The correct answer is (3). Work-leisure ratio determines the supply of factor, not demand. Derived demand means demand for the commodity the factor of production helps produce. W...
    Show more
    Likes(0) Reply(0)