Caloris Basin,a Huge Circular Region on Mercury Surrounded by Rings

question 7

Multiple Choice

Caloris Basin,a huge circular region on Mercury surrounded by rings of mountains,appears to have been produced by

• A) the impact of a massive object in the early phases of the planet's formation,soon after the initial cratering period.
• B) wind erosion from huge atmospheric storms,similar to super-hurricanes on Earth or the Great Red Spot on Jupiter.
• C) successive expansion and contraction of the planet's surface by intense solar heating and severe cooling as the planet rotated,causing buckling in a similar way to the formation of the North American Rocky Mountains or the South American Andes.
• D) the lava flow from a large and long-lived volcano that formed the mountains in a similar manner to the formation of the Hawaiian Islands on Earth.

Differentiate between normal goods and inferior goods based on income elasticity and price elasticity of demand.

Understand the concept of cross elasticity of demand and how it indicates the relationship between goods.

Apply the midpoint formula to calculate the price elasticity of demand.

Analyze how changes in price affect the quantity demanded based on the elasticity coefficient.

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