A ____________________ ____________________ Is a Fraction Whose Numerator Is Smaller

question 11

Short Answer

A ____________________ ____________________ is a fraction whose numerator is smaller than its denominator.

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Definitions:

Tradable Emissions Permits

A market-based approach to controlling pollution by providing economic incentives for achieving reductions in the emissions of pollutants.

Equilibrium Price

The price at which the quantity of a product demanded by consumers equals the quantity supplied by producers.

Equilibrium Quantity

The supply and demand for goods or services are balanced at the current market price.

Pollution Market

An economic strategy for pollution control that encourages the reduction of pollutant emissions through financial incentives.