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Distinguish between the terms weather and climate,and briefly discuss how each affects species distribution within ecosystems.
Demand Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, with all else being equal.
Producer Surplus
The difference between what producers are willing to sell a good for and the higher price they actually receive.
Government Policy
Actions, regulations, or laws enacted by a government to influence economic, social, or environmental outcomes within its jurisdiction.
Producer Surplus
Producer surplus is the difference between the amount a producer is willing to accept for a good versus the actual market price they receive.
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