The Oldest Sediments on the Ocean Floor Are About ____________

question 57

Multiple Choice

The oldest sediments on the ocean floor are about ____________ years old.

• A) 50 thousand
• B) 4 billion
• C) 200 million
• D) 2.5 million

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Definitions:

Price Floor

A minimum price set by the government or a regulatory body, below which a good or service cannot legally be sold.

Price Floor

A government- or group-imposed price control or limit on how low a price can be charged for a product, good, commodity, or service.

Supply Function

A mathematical relation showing the amount of goods a supplier is willing and able to provide to the market at various prices, holding all other factors constant.

Demand Function

A demand function quantifies the relationship between the price of a good and the quantity demanded by consumers, holding other factors constant.