Goods That Do Not Have Close Substitutes Have Downward-Sloping Demand

question 229

True/False

Goods that do not have close substitutes have downward-sloping demand curves.

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Definitions:

Normal-Fault Basin

A low area that has been downdropped by one or more normal faults.

Passive Margin

A coastline margin that is not associated with plate boundaries and therefore experiences little to no seismic or volcanic activity.

Continental Collision

Continental collision occurs when two continental plates converge, resulting in the formation of mountain ranges and geological uplift.

Subduction Zone

A region where one tectonic plate moves under another, leading to geological phenomena like volcanic activity and earthquakes.