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Suppose that the percentage change in demand is 20%, the price elasticity of supply is 2, and the percentage change in the equilibrium price is 4%. What is the price elasticity of demand?
Herbivores
Animals that primarily eat plants or plant-based materials.
Cultural Eutrophication
Over-enrichment caused by human activities, leading to excessive bacterial growth and oxygen depletion of a body of water.
Biogeochemical Cycle
The circulation of elements and substances through living organisms, the Earth, its atmosphere, and the oceans, contributing to ecosystem functioning and sustainability.
Phosphorus
A chemical element essential for life, involved in many cellular processes, including energy transfer and the formation of bones and teeth.
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