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The relative price of a good is that price
Droughts in Brazil
An environmental and economic issue, affecting water supply, agriculture, and energy production among other areas in Brazil.
Cyclical Industry
An industry whose performance is heavily dependent on the overall economy's fluctuation; typically, these industries do well during economic upturns and poorly during downturns.
Gross Domestic Product
The total value of all goods and services produced within a country's borders in a specific time period, a measure of national economic activity.
Linear Demand Function
A mathematical representation of the relationship between the quantity demanded of a good and its price, assuming this relationship is a straight line.
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