Examine the Figure Above and Answer the Following Question(s)

question 17

Multiple Choice

Examine the figure above and answer the following question(s) .
-During the third phase "3",the population growth slows and then levels off because

• A) essential resources become scarce.
• B) the carrying capacity has been reached.
• C) competition for food becomes increasingly important.
• D) predators eat fawns as they are born.
• E) all of these occur except "predators eat fawns as they are born."

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Definitions:

Reservation Price

This is another term for reserve price, meaning the lowest price at which someone is willing to sell a good or service.

Tape Recorder

An electronic device used for recording sound on magnetic tape and usually capable of playback.

Money

A medium of exchange used to facilitate transactions of goods and services.

Producer's Surplus

The difference between the amount a producer is willing to accept for a good or service and the actual amount received from its sale.