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What was the median age of Canadians in 2012?
Pure Rent
Income earned from owning a resource completely fixed in supply, with no additional production cost.
Fixed Supply
A situation where the quantity of a good available is constant and does not change with price.
Demand Determined
A characteristic of markets where the quantity of goods or services sold is primarily influenced by consumer demand.
Perfectly Inelastic
A market situation where the quantity demanded or supplied is completely unresponsive to price changes.
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