The Price of a Good Will Fall When

question 127

Multiple Choice

The price of a good will fall when:

• A) there is a shortage of the good.
• B) there is a surplus of the good.
• C) demand for the good increases.
• D) the supply of the good decreases.

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Definitions:

Geologic History

The record of Earth's physical history and the processes acting upon the planet, as deciphered from rocks, fossils, and other geological data.

Cenozoic

The Cenozoic era is the current geological era, beginning about 66 million years ago, characterized by the dominance of mammals, the formation of modern continents, and significant climatic changes.

Geologic Timescale

A system of chronological dating that relates geological strata to time, used by geologists and other Earth scientists to describe the timing and relationships of events in geologic history.

Density

Density refers to the mass of a substance per unit volume, a fundamental property affecting the buoyancy and stability of objects in fluids.