The Saffir-Simpson Scale Is Numbered 1-5 with _______________________

question 45

Multiple Choice

The Saffir-Simpson scale is numbered 1-5 with _______________________.

• A)smaller numbers indicating bigger hurricanes
• B)larger numbers indicating bigger hurricanes
• C)numbers indicating size of tornadoes
• D)numbers indicating risk conditions for forest fires

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Definitions:

Surplus

The situation in which the quantity of a good or service supplied exceeds the quantity demanded at the existing price.

Price Ceiling

A price ceiling is a legal maximum price set by the government for certain goods or services to prevent prices from becoming prohibitively high.

Price Floor

A government-imposed minimum price charged on a product, below which that particular product cannot be supplied to the market.

Shortage

A scenario in which the market's need for a service or product surpasses its availability.