Examlex
During a study session about evolution, one of your fellow students remarks, "The giraffe stretched its neck while reaching for higher leaves; its offspring inherited longer necks as a result." Which statement is most likely to be helpful in correcting this student's misconception?
Demand
The quantity of a good or service that consumers are willing and able to purchase at various prices during a given time period.
Equilibrium
Equilibrium in economics is the point where supply equals demand for a product, resulting in stable prices and volume of sales.
Efficient Portfolio
Provide the highest expected return for any degree of risk. The efficient portfolio is that which provides the lowest degree of risk for any expected return.
Expected Return
Expected Return is the anticipated profit or loss a portfolio generates over a specific period, based on historical or forecasted performance.
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