Lower Pleistocene Times Lasted from the Beginning of the Ice

question 13

Multiple Choice

Lower Pleistocene times lasted from the beginning of the Ice Age until about

• A) 25,000 years ago.
• B) 15,000 years ago.
• C) 780,000 years ago.
• D) 425,000 years ago.

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Definitions:

Equilibrium Quantity

Equilibrium Quantity is the quantity of goods or services that is supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded in a market.

Increase in Supply

A situation in which the quantity of a good or service that producers are willing and able to offer for sale rises, holding all else equal.

Increase in Demand

Occurs when more of a good or service is sought by consumers at each and every price, often represented by a rightward shift of the demand curve.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where supply equals demand.