The Fossil Fish Tiktaalik Made Headlines in 2005 Because It

question 30

Multiple Choice

The fossil fish Tiktaalik made headlines in 2005 because it

• A)was preserved with a hook in its mouth and is the oldest evidence of human fishing.
• B)was the largest shark ever recovered from the fossil record.
• C)represents a transitional form between lobe-finned fish and terrestrial vertebrates.
• D)was found alive in the modern deep ocean; previously, the fish was thought to be extinct.

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Definitions:

Inelastic

Describes a scenario where the demand or supply of a good or service is not significantly changed when the price of that good or service changes.

Elasticity of Demand

The measure of how much the quantity demanded of a good responds to a change in the price of that good.

Quantities Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level.

Inelastic

Describes a situation where the demand or supply for a good or service is relatively unresponsive to changes in price.