Examlex
What is the difference between a price ceiling and a price floor? Compared to the competitive equilibrium price, where must price ceilings and price floors be set to have an effect on the market?
Snowmelt
The runoff produced by melting snow.
Hundred-year Flood
is a term used to describe a flood event that has a 1% chance of occurring in any given year, used as a standard metric in flood risk assessment.
Probability
The statistical description of the likelihood that an event will occur.
Floodplain
A flat area of land adjacent to a river or stream that experiences occasional or regular flooding.
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