Where Would You Place the Actual Extinction Date of a Taxon

question 9

Multiple Choice

Where would you place the actual extinction date of a taxon if you knew that the Signor-Lipps effect was at work?

• A)Exactly at the date of the last known fossil
• B)Before the date of the last known fossil
• C)After the date of the last known fossil
• D)It is not possible to determine when extinction occurred relative to the date of the last known fossil.

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Definitions:

Equilibrium Price

The market price at which the quantity of goods supplied equals the quantity of goods demanded.

Equilibrium Quantity

The amount of products or services available matches the amount requested at the prevailing market rate.

Demand Increases

A situation where the desire and ability to purchase goods and services in a market rise, often leading to higher prices if supply remains constant.

Supply Decreases

A reduction in the quantity of a good or service that producers are willing to sell at a given price, often resulting in higher prices.