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Consider the following marine community: Sea otters prey on sea urchins and therefore help maintain a healthy sea urchin population. Sea urchins prey on kelp. By helping to maintain viable sea urchin populations, the sea otters are also allowing enough kelp to grow and act as a habitat for other organisms.
-In this marine community, the sea otter is a
Constant Slope
A straight line graph that indicates a uniform rate of change between two variables.
Price-inelastic
Price-inelastic describes a situation where the demand for a good or service is relatively unaffected by changes in its price, indicating that consumers continue to purchase it even if the price increases.
University of Michigan
A public research university located in Ann Arbor, Michigan, known for its rigorous academic programs and significant contributions to research.
Lowest Price Elasticity
Refers to the scenario where the demand for a good or service is least responsive to changes in price.
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