Examlex
Given an inheritance pattern of incomplete dominance and 81 flowers that are red (R1R1), 18 flowers that are pink (R1R2), and 1 flower that is white (R2R2), the frequency of the R1 allele is 0.9.
Price
The amount of money required to purchase a good or service, determined by various market and economic factors.
Scarce Resources
Essential inputs that are available in limited quantities for the production of goods and services, leading to the problem of allocation.
Law of Demand
Economic principle stating that, ceteris paribus, as the price of a good or service increases, consumer demand for the good or service will decrease, and vice versa.
Unlimited Wants
The economic concept that human desires and needs are endless and vary in nature, leading to constant demand for goods and services.
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