What Is the Milankovitch Hypothesis and What Evidence Is There

question 10

Essay

What is the Milankovitch hypothesis and what evidence is there to support this hypothesis?

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Definitions:

Income Elasticity

Measures how the demand for a good or service changes relative to a change in consumers' income levels.

Bagels

A dense bread product, often shaped into a ring, made from dough that is boiled before it is baked.

Demand Function

A mathematical model expressing the quantity demanded of a good or service as a function of its price, and possibly other factors.

Demand Function

A mathematical relationship expressing the quantity of a good or service demanded as a function of price.