Remote Sensing Technology Acquires Data About the Earth's Surface Through

question 13

True/False

Remote sensing technology acquires data about the Earth's surface through aerial photographs taken from airplanes or images created from satellites orbiting the Earth.

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Definitions:

Equilibrium Price

The market price at which the quantity of a good or service supplied is equal to the quantity demanded, leading to market balance.

Market Price

The amount of money that a product is bought or sold for in the marketplace; determined by supply and demand.

Surplus

A situation where the quantity supplied of a good exceeds the quantity demanded, often leading to lower prices or stored inventory.

Shortage

Occurs when the quantity demanded of a good exceeds its supply at a given price, leading to an unmet demand in the market.