In a rent-to-own agreement, the title to the house remains with the landlord until the tenant exercises his or her option and purchases the property. In other words, the starting point of this kind of an arrangement is a tenancy, not a house purchase transaction.
True or false: Derived demand is demand for producer resource/ labor inputs to be used indirectly to satisfy consumer demand in the production of final goods and services. Recall that improvements in the quality of a variable resource increase its marginal productivity and therefore its demand.
The demand curve can be drawn on a graph that shows the price on the y axis, and quantity on the x axis. The demand curve will slope downwards from left to right since it shows an inverse relationship that exists between price and quantity demanded.