Alan Is an Adopted Child Who Lives with Three Siblings

question 16

Multiple Choice

Alan is an adopted child who lives with three siblings, all biological children of his adoptive parents. Alan's math skills are far better than those of his adoptive parents or his adoptive siblings. This provides evidence that _____.

• A) shared familial influences play a stronger role than was previously believed
• B) genes may have a stronger effect than familial environment on talents
• C) few environmental effects on personality come from outside the family
• D) Alan's own initiative to excel is greater than that of his adoptive family

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Definitions:

Demand for a Product

Refers to the quantity of a product or service that consumers are willing and able to purchase at various prices during a given period of time.

Price of a Product

The amount of money required to purchase a specific good or service, determined by various factors including demand, supply, and production costs.

Pricing Power

The ability of a firm to dictate or influence the price of its goods or services in the market.

Elasticities of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, showing the responsiveness of consumers.