In Year 1 the Price of Good X Is $10

question 203

Multiple Choice

In year 1 the price of good X is $10 and 100 units are bought and sold.In year 2 the price of good X is $13 and 230 units are bought and sold.What can explain this?

• A) The supply of good X was higher in year 2 than in year 1 and the demand for good X was the same in year 2 as in year 1.
• B) The demand for good X was higher in year 2 than in year 1 and the supply of good X was the same in year 2 as in year 1.
• C) Both the demand for,and supply of,good X were higher in year 2 than in year 1.
• D) b or c
• E) a,b,or c

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Definitions:

The Genotype

Refers to the genetic composition of an organism, including all its genes, contributing to its unique phenotype.

Nature

The inherent features of something or the physical world and everything in it, including plants, animals, the landscape, and other features and products of the earth.

Nurture

The influence of environmental factors and care given to the development and growth of an individual.

Behavioral Genetics

The field of study that examines the role of genetic and environmental influences on behaviors.