Which of the following is an example of derived demand? a. the co-op faces an increased demand for organic fruits. b. there is a sudden surge in the demand for real estate. c. jim produces 20 jackets a day in his garment factory and hires labor used to produce that profit maximizing quantity. d. most firms earn a normal profit in the long run.

C. Jim produces 20 jackets a day in his garment factory and hires labor used to produce that profit maximizing quantity

Explanation:

Derived demand is when the demand for a good or service is as a result of demand for another good or service.

Derived demand is when there's a demand for a factor of production or intermediate good as a result of demand for a good or service.

I hope my answer helps you.

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