You Are Observing a New Species of Primates, the Bolos

question 265

Multiple Choice

You are observing a new species of primates, the Bolos. You note that they are a very peaceful species and do not engage in much competition for mates. Most likely, their mating system is

• A)polyandry
• B)monogamy
• C)polygyny
• D)polygynandry
• E)random

---

Definitions:

Long Run

A period in economics where all factors of production and costs are variable, allowing for full adjustment to changes.

Consumer Demand

The desire and willingness of consumers to purchase goods and services at given prices, which can fluctuate based on a variety of factors including income and preferences.

Price Range

The spread between the highest and lowest selling price of a product or service over a certain period of time.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a certain time period.