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SSC Combined Graduate Level Exam 2014 held on 19.10.2014

General Awareness (Test Form No - 011 LG2)

Q1. The demand of a factor of production is:

(a) direct
(b) derived
(c) neutral
(d) discretion of the producer

Answer (b)

Explanation: Derived demand occurs when there is a demand for a good or factor of production resulting from demand for an intermediate good or service.

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