If Someone Were to Put a Rock on the Table

question 3

Multiple Choice

If someone were to put a rock on the table in front of you,how might you determine that it was a metamorphic rock?

• A) by looking for one specific mineral that is formed during metamorphism
• B) by examining its specific gravity
• C) by examining it for minerals typically found in other rock types, such as quartz
• D) by looking for distinctive arrangements of mineral grains not found in other rock types

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Definitions:

Inelastic Demand

A situation in which the demand for a product does not significantly change with a change in its price.

Price-Elastic

Refers to the degree to which the demand for a product changes in response to a change in its price.

Substitutes

Goods or services that can replace each other in usage, where an increase in price of one leads to an increase in demand for the other.

Price Elasticity

An appraisal of how demand levels are impacted by price changes of a good.