Which of the Following Is the Best Example of Demand

question 36

Multiple Choice

Which of the following is the best example of demand?

• A) 4,000 pairs of Nike running shoes sold on Amazon.com this year
• B) Six months' worth of an accountant's time billed at $100 per hour
• C) 5,000 people willing to buy muffin tins for $8 each
• D) 6,000 muffin tins sold for $8 each this year

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Definitions:

Nature

The inherent qualities and characteristics of a person or thing, often contrasted with nurture which refers to the influence of the environment and learning.

Aristotle

An ancient Greek philosopher and polymath, whose works covered various disciplines including metaphysics, ethics, logic, and science.

Nurture

The influence of environmental factors like education and upbringing on an individual's development.

Evolutionary Psychology

A theoretical approach in psychology that attempts to explain useful mental and psychological traits—such as memory, perception, or language—as adaptations, i.e., as the functional products of natural selection.