Lithifies Can Be Defined As

question 101

Multiple Choice

Lithifies can be defined as:

• A) loose sediment hardens into sedimentary rock
• B) loose sediment breaks off of sedimentary rocks
• C) sediment settles from the water column

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Definitions:

Inelastic Demand

A situation where the demand for a product does not change significantly with a change in price.

Marginal Revenue

The rise in income achieved by selling an extra unit of a product or service.

Price Searcher

A seller that determines the selling price of its product or service based on market conditions, demand, and competition, instead of adhering to a market dictated price.

Marginal Revenue

The additional revenue that a company receives from selling one more unit of a good or service.