Examlex
When demand is inelastic, a decrease in price will result in a decrease in total revenue.
Total Allowable Catch (TAC)
A fishery management tool that sets a limit on the amount of a particular fish species that can be caught over a specified time period.
Catch Size
The quantity of fish or any other marine species that is caught within a particular period.
Resource Use
The way in which human societies utilize natural resources to fulfill their needs and wants.
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