Examlex
Rubisco has both carboxylase and oxygenase activities. These processes compete with each other. What determines which function the enzyme has? What conditions favor photorespiration? What conditions favor photosynthesis?
Price Increase
A Price Increase refers to a rise in the cost of goods or services that can occur due to various factors like inflation, increased production costs, or higher demand.
Immediate Market Period
A very short time frame in economics during which the supply of a good is completely fixed and cannot respond to changes in demand.
Supply
The total amount of a product or service that is available to consumers, which can vary based on price, production costs, and other factors.
Elastic
A term used in economics to describe the sensitivity of the demand or supply of a good or service to changes in its price.
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