Examlex
Genotypes are the outward expression of an allele combination.
Elasticity
A measure of how much the quantity demanded or supplied of a good changes in response to a change in price.
Elasticity
A measure of the responsiveness of demand or supply to changes in price, income, or other economic factors.
Resource Demand
The total amount of resources (such as labor, capital, and materials) that producers require to produce goods and services at various price levels.
Elastic Demand
Product or resource demand whose price elasticity of demand is greater than 1, so that any given percentage change in price leads to a larger percentage change in quantity demanded. As a result, quantity demanded is relatively sensitive to (elastic with respect to) price.
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