-Refer to Exhibit 4-4

question 49

Multiple Choice

-Refer to Exhibit 4-4.Which of the following is false?

• A) Graph (1): There would be a shortage of the good if a price floor is set at P₃.
• B) Graph (2): As supply increases,equilibrium quantity remains constant.
• C) Graph (3): As demand increases,equilibrium price remains constant.
• D) Graph (4): As supply changes,equilibrium price stays the same.

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Definitions:

Fossils

The preserved remains or impressions of organisms from the past, typically found in sedimentary rock.

Scratch Marks

Linear erosional features on rock surfaces, often caused by the movement of glaciers or other sediment-laden flows.

Plate Boundaries

The edges where two tectonic plates meet, which can lead to geological phenomena such as earthquakes, volcanic activity, and the formation of mountain ranges.

Divergent

Pertains to tectonic plate boundaries that move away from each other, leading to the creation of new crust as magma rises to fill the gap.