Examlex
The concentration of DDT in a species of phytoplankton is 12 mg DDT/kg phytoplankton. The concentration of DDT in a fish known to exclusively consume that species of phytoplankton is 150 µg DDT/kg fish. This results in a ratio of the DDT concentration in the fish to DDT concentration in the phytoplankton of 0.0125. Is this an example of biomagnification? Explain why or why not.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in its price, with elasticity indicating responsiveness.
Demand Curve
A graph depicting the relationship between the price of a good and the quantity demanded by consumers, typically showing an inverse relationship.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a percentage change.
Demand Function
A mathematical expression that shows the relationship between the quantity of a good consumers are willing to buy and its price.
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