Why Do Elephants Face the Threat of Extinction While Cows

question 256

Multiple Choice

Why do elephants face the threat of extinction while cows do not?

• A)Cattle are a valuable source of income for many people, while elephants have no market value.
• B)There is a high demand for products that come from cows, whereas there is no demand for products that come from elephants.
• C)There are still lots of cattle that roam free, while all elephants live in zoos.
• D)Cattle are owned by ranchers, while elephants are owned by no one.

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Definitions:

Simultaneous Equilibrium

A condition in which all markets in an economy are in equilibrium at the same time, reflecting a balance between supply and demand.

Capital Flows

Movements of capital in the form of money or investment from one country to another.

Consumer Preference

The inclination of consumers to favor certain products or services over others, often based on factors like quality, price, or brand.

Partial Equilibrium Analysis

An economic analysis method focusing on the equilibrium of a specific sector or market, ignoring the effects on and from other markets.