-Scooters and Bicycles Are Substitutes

question 14

Multiple Choice

-Scooters and bicycles are substitutes.Suppose that the price of a bicycle falls.Which of the figures above best illustrates how this fall in price affects the demand curve for scooters?

• A) Figure A
• B) Figure B
• C) Figure C
• D) Figure D
• E) None of the above answers is correct because the change in the price of a bicycle will affect the supply curve not the demand curve.

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Definitions:

Continental Hot Spot

A volcanic region thought to be fed by underlying mantle that is anomalously hot compared with the surrounding mantle, situated in the interior of a continental plate.

Rifts

Linear zones where the Earth's crust and lithosphere are being pulled apart, often associated with volcanic activity and the formation of new oceanic crust.

Basalts

Dark, fine-grained volcanic rock formed from the rapid cooling of low-viscosity lava rich in magnesium and iron.

Ural Mountains

A mountain range that runs approximately from north to south through western Russia, serving as a natural dividing line between Europe and Asia.