Quote:
Originally Posted by zoltanbuccos
An explanation of what is correct would be cool.
I have two different kinds of apples for sale. One kind is $1/lb, one kind is $2/lb. Why does the more expensive apple cost more?
[ ] To spite those fools who are stupid enough to buy them
[ ] The more expensive variety of apples is in shorter supply relative to the demand for that variety of apple.
I have 3 identical houses on equal size plots for sale. One house is in an average suburban neighborhood. One is on the beach. One is in a high-crime neighborhood. Which of the following is true?
[ ] The average person should be completely ambivalent about these houses.
[ ] The average person would be ambivalent between the beach house and the suburban house, but they probably wouldn't pay as much for the house in the hood.
[ ] The average person would be ambivalent between the average neighborhood and the house in the hood, and they wouldn't want the house on the beach as much.
[ ] The average person would prefer the beach house to the average house, and the average house to the hood house.