Over Time the Total Amount of Nutrients Such as Carbon

question 55

Multiple Choice

Over time the total amount of nutrients such as carbon and iron present on the earth increases by their addition from

• A) meteoric matter from space.
• B) volcanic activity.
• C) nutrient recycling.
• D) electromagnetic radiation.

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Definitions:

Equilibrium Price

The market price at which the quantity of goods supplied equals the quantity of goods demanded.

Elastic the Supply Curve

Describes a situation where the supply of a good or service changes significantly in response to changes in price.

Normal Good

A good for which demand increases as the income of consumers increase, holding other factors constant.

Inferior Good

A type of good for which demand decreases as the income of individuals increases, inverse to typical goods.