Examlex
Carbon returns to the atmosphere
Fixed Proportions
A production process where inputs are used in strict, unchangeable ratios, without the flexibility to substitute one input for another.
Elasticity Coefficient
A numerical measure of the responsiveness of quantity demanded or supplied to one of its determinants, such as price or income.
Resource Demand
The requirement for resources or inputs necessary for production in response to market needs.
Infinitely Elastic
A situation in which the quantity demanded or supplied changes by an unlimited amount in response to any change in prices.
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