Which Would Most Likely Become Fossilized Under the Appropriate Conditions

question 59

Multiple Choice

Which would most likely become fossilized under the appropriate conditions?

• A) squid
• B) shrimp
• C) snail
• D) seastar
• E) sponge

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Definitions:

Price Inelastic

A situation where the quantity demanded or supplied of a good is not significantly affected by changes in price.

Macadamia Nut

A type of tree nut that is known for its rich, buttery flavor, native to Australia and commercially cultivated in various regions worldwide.

Inelastic Demand

A situation where the quantity demanded of a good or service changes little when its price changes.

Close Substitutes

Products or services that can easily replace each other in the eyes of the consumer, resulting in high cross-elasticity of demand.