Examlex
________ dunes can form in low latitude desert areas where the prevailing wind directions change with the seasons.
Constant Cost
A situation where the cost of producing one additional unit of a good or service is the same, regardless of the volume produced.
Equilibrium Quantity
The quantity of goods or services supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.
Equilibrium Price
The price at which the quantity of goods supplied equals the quantity of goods demanded.
Constant Cost Industry
An industry in which the costs of production, including the prices of inputs, do not change as the total output of the industry changes.
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