Whenever a Good Trades in a Competitive Market, the ________

question 76

Multiple Choice

Whenever a good trades in a competitive market, the ________ determines the value of the good.

• A) supply
• B) price
• C) demand
• D) cost

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Definitions:

Slope Failure

A sudden movement of soil, rock, or debris down a slope due to gravity, often triggered by factors like water saturation or earthquakes.

Permafrost

Permanently frozen ground that occurs in high latitude or high elevation regions on Earth.

Weathering

The process by which rocks are broken down or chemically altered by external conditions on the Earth’s surface, including factors like wind, rain, and temperature changes.

Rotational Slide

A type of landslide that occurs along a curved surface, causing the land mass to rotate outward from the slope.