A Chunk of Independently Floating Ice Is an Ice ________

question 149

Multiple Choice

A chunk of independently floating ice is an ice ________.

• A) floe
• B) pack
• C) berg
• D) shelf
• E) chunk

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers.

Surplus

A surplus refers to the amount by which the quantity of a good produced or supplied exceeds the quantity demanded, often leading to price reductions.

Equilibrium Price

The price at which the quantity of a good or service demanded meets the quantity supplied, resulting in no surplus or shortage.

Surplus

An excess amount of a commodity or resource beyond what is needed or utilized.