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An Increase in Demand Caused No Change in the Equilibrium

question 154

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An increase in demand caused no change in the equilibrium price. Thus, supply must be


Definitions:

Corolla Flare

The outward spreading or expansion of the petals in a flower's corolla, contributing to its visual appeal and pollinator attraction.

Heritable

Traits or characteristics that can be passed from parents to their offspring through genes.

Selection

The process by which certain traits become more or less common in a population due to their impact on the reproductive success of their bearers.

Directional Selection

A form of natural selection in which individuals with traits on one end of the spectrum are more likely to survive and reproduce, leading to an overall shift in the population.

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