Examlex
What is the term for the land area drained by all of the streams that empty into a tributary?
Price Elasticity
The measure of how much the quantity demanded or supplied of a good changes in response to a change in its price.
Capacity Constraints
Limitations on the maximum output a system can produce due to physical or resource-based limitations.
Equilibrium Price
The price at which the quantity of goods supplied is equal to the quantity of goods demanded, leading to a stable market situation.
Price Elasticity
The measure of responsiveness of the quantity demanded or quantity supplied of a good to a change in its price.
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