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Discuss the different types of flexibility that a producer can exhibit. Use any company mentioned in the chapter and provide an example of each.
Birthrates
The number of live births per thousand people in a population per year.
Death Rates
The number of deaths in a particular population, scaled to the size of that population, per unit of time.
Per Capita
A statistical measure that divides a total figure by the number of people in a population, used to give an average per person.
Water Consumption
The total volume of water used by individuals, communities, industries, or agriculture over a specified period.
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