The First Life Forms on Earth Arose

question 2

Multiple Choice

The first life forms on Earth arose:

• A) more than 3.5 billion years ago.
• B) at the same time as the formation of the Earth.
• C) relatively recently - about 250,000,000 years ago.
• D) about 10,000 years ago.

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Definitions:

Price Ceiling

A legally established maximum price for a good, or service. Normally set at a price below the equilibrium price.

Sellers

Individuals or entities that offer goods or services for sale in the market, playing a key role in determining the supply conditions.

Surplus

When the quantity of a good or service supplied exceeds the quantity demanded at the current price.

Quantity Demanded

The overall volume of a good or service that consumers are ready and capable of purchasing at a particular price.