Match the Term with the Appropriate Phrase

question 19

Multiple Choice

Match the term with the appropriate phrase. You may use each answer once, more than once or not at all.
-geostrophic flow

• A)driven by gravity and modified by the Coriolis force
• B)unit of current velocity
• C)transport of water to the left or right of the wind direction
• D)replacement water coming from the bottom to the top of the water column
• E)replacement water coming from the top to the bottom of the water column
• F)seasonal wind pattern
• G)water mass found in the Sargasso Sea

---

Definitions:

Total Revenue

Total revenue is the total amount of money received by a firm from selling its goods or services before any expenses are deducted.

Price Elasticity

A measure of how sensitive the quantity demanded of a good is to a change in its price.

Demand Curve

A graph representing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping, indicating an inverse relationship between price and quantity demanded.

Price-inelastic

A characteristic of a good for which demand does not change significantly when its price changes.