The Fossil Record Shows That for Many Plant and Animal

question 11

Multiple Choice

The fossil record shows that for many plant and animal groups,the time between speciation events

• A)is equivalent to the length of one hundred generations of a species.
• B)varies greatly,but averages 6.5 million years.
• C)is usually about 50,000 years.
• D)is usually greater than 40 million years.

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Definitions:

Demand Falls

Demand falls occur when there is a decrease in the quantity of a good or service demanded at any given price, often due to changes in consumer preferences, income, or price increases.

Supply Stays

A term that is not typically used in economic contexts; thus, it might not be a real key-term. NO.

Price Ceiling

A legally established maximum price a seller can charge for a product or service to prevent market prices from rising too high.

Equilibrium Price

The equilibrium price is the price at which the quantity of a good or service demanded by consumers matches the quantity supplied by producers, resulting in market balance.