Velcro Is Becoming More and More Popular for a Variety

question 222

Multiple Choice

Velcro is becoming more and more popular for a variety of uses, including as fasteners for shoes.What should happen to the equilibrium price and quantity for shoelaces as a result?

• A)Both price and quantity should increase.
• B)Both price and quantity should decrease.
• C)Price should increase and quantity decrease.
• D)Price should decrease and quantity increase.
• E)Nothing.

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Definitions:

Evolutionary Perspective

An approach in psychology that examines human thought and behavior through the lens of natural selection and adaptation.

Innate Preference

A natural tendency or inclination towards certain things or decisions, believed to be influenced by genetic or biological factors.

Fats and Sugars

Macronutrients that provide energy; fats are essential for body functions and energy storage, while sugars are simple carbohydrates providing quick energy.

Evolutionary Psychology

A theoretical approach in psychology that attempts to explain useful mental and psychological traits as the functional products of natural selection.