The Explanation for the Law of Demand Begins with

question 218

Multiple Choice

The explanation for the law of demand begins with

• A)a small number of wants satisfied by scarce resources
• B)finite wants satisfied by infinite resources
• C)unlimited wants confronting scarce resources
• D)unlimited wants matching up with unlimited resources
• E)prices acting as signals to existing and potential suppliers

---

Definitions:

Continental Rifting

The pulling apart of a continent, forming a low, fault-bounded trough (continental rift); may lead to a divergent plate boundary that leads to seafloor spreading and splitting apart a continent.

Continental Shelves

Submerged landforms at the edges of continents, extending from the coastline to a sharp drop-off into the deeper ocean floor.

Shallow Seawater

Areas of the ocean that are not deep, often found near coastlines, characterized by relatively low depths.

Sea Mounts

Undersea mountains formed by volcanic activity, rising from the ocean floor but not reaching the surface.