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.
Demand Curve. DEFINITION of 'Demand Curve'. The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time. In a typical representation, the price will appear on the left vertical axis, the quantity demanded on the horizontal axis.