Oceanic Ridge a Has Slow Spreading Rates of 2-5 Cm/yr

question 19

Essay

Oceanic Ridge A has slow spreading rates of 2-5 cm/yr.Oceanic Ridge B has intermediate spreading rates of 6-9 cm/yr.Oceanic Ridge C has fast spreading rates of 10-11 cm/yr.Compare and contrast the topography and structure that would be present at all three spreading centers.

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Definitions:

Surplus

The amount by which the quantity supplied of a product exceeds the quantity demanded at a specific (above-equilibrium) price.

Consumer Surplus

The gap between what consumers are prepared and capable of paying for a product or service and the actual amount they end up paying.

Willing to Pay

The maximum amount a consumer is prepared to spend to purchase a good or service.

Actual Price

The price at which goods or services are sold in the market, often influenced by supply and demand.