Which of the following is an example of a temporal condition in economics?

• A. Government intervention in the form of subsidies
• B. Differences in income levels across regions
• C. Variation in prices due to market structure
• D. Seasonal fluctuations in consumer demand

Answer: (D)

Verified step by step guidance

1. Understand what a temporal condition means in economics: it refers to factors or conditions that change over time, affecting economic behavior or outcomes during different periods.
2. Analyze each option to see if it involves a time-related change or pattern:
3. Government intervention in the form of subsidies is a policy action and not inherently time-dependent, so it is not a temporal condition.
4. Differences in income levels across regions are spatial or cross-sectional differences, not related to changes over time.
5. Variation in prices due to market structure is related to the nature of the market and competition, which is generally a structural factor rather than a temporal one.
6. Seasonal fluctuations in consumer demand clearly involve changes over specific time periods (seasons), making it a classic example of a temporal condition.