If the Demand for Softballs Increases,one Could Expect the Demand

question 66

Multiple Choice

If the demand for softballs increases,one could expect the demand for leather to increase.This is due to the:

• A) principle of diminishing marginal product.
• B) change in the opportunity cost of producing a softball.
• C) reduction in the cost of producing softballs.
• D) demand for an input being a derived demand.

---

Definitions:

Self-Actualization Needs

The highest level in Maslow's hierarchy of needs, referring to the realization of an individual's potential, self-fulfillment, and personal growth.

Cognitive Need

A psychological term that refers to an individual's desire to acquire new knowledge and understandings, contributing to their intellectual development.

Transcendence

Going beyond ordinary limits; surpassing or exceeding normal boundaries or levels.

Human Welfare

The general health, happiness, and safety of individuals and communities.