Figure 2-22 -Refer to Figure 2-22.Given That Price Is Measured on the Measured

question 32

Short Answer

Figure 2-22
-Refer to Figure 2-22.Given that price is measured on the vertical axis,quantity is measured on the horizontal axis,and that the curves are downward-sloping,what type of curves are depicted here?

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Definitions:

Thrust Fault

A type of fault, or break in the Earth's crust, where older rocks are pushed above younger rocks due to compressional forces.

Monocline

A geological fold in which all strata are inclined in the same direction, creating a step-like feature in the landscape.

Anticline

A type of fold in rock layers that arches upwards, with the oldest layers at the core of the fold.

Horsts And Grabens

Geological structures formed by the movement of the Earth's crust, where a "horst" is an elevated block surrounded by faults and a "graben" is a depressed block bordered by faults.