Hot Spots Can Occur

question 25

Multiple Choice

Hot spots can occur

• A) only within continental plates.
• B) only within oceanic plates.
• C) within either continental or oceanic plates.
• D) only on plate boundaries.

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Definitions:

Binding Price Ceiling

A legally established maximum price for goods or services, set below the equilibrium price, leading to shortages.

Supply and Demand

The fundamental model in economics that describes how prices are determined in a market based on the quantity of goods or services available and the desire for them.

Price Ceiling

A legally imposed maximum price for goods or services, intended to protect consumers from high prices.

Binding Rent Control

A regulation that sets a maximum price for rented property below the market equilibrium price, leading to a shortage of available rental units.