A Contour Interval Indicates

question 16

Multiple Choice

A contour interval indicates:

• A) The vertical distance between contours on a map
• B) The horizontal spacing distance on the map between contours
• C) The amount of height on the landscape shown in elevation lines
• D) The range of values between the maximum height and minimum height in a topographic map

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Definitions:

Short Run

A period in which at least one input is fixed and cannot be changed by the firm.

Substitutes

Products or services that can replace each other, where an increase in the price of one leads to an increase in demand for the other.

Elastic Demand

Elastic Demand occurs when the quantity demanded of a product changes significantly as its price changes.

Luxury Items

Goods and services that are considered non-essential but desirable, often characterized by their high quality, exclusivity, and high price.