Examlex
What type of genes are APETALA1 and LEAFY?
Substitution Effect
The economic understanding that as prices rise or incomes decrease, consumers replace more expensive items with less costly alternatives.
Output Effect
The change in total output resulting from a specific economic policy or condition, such as an increase in demand.
MRP
Marginal Revenue Product, the additional revenue generated by the employment of one additional unit of a factor of production.
MPP
Marginal Physical Product, the change in total output of a good that results from a one-unit change in input, holding all other inputs constant.
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