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The value and production of individual crops varies substantially from year to year as prices fluctuate on the world and country markets and weather and other factors influence production. This list includes the top 50 most valuable crops and livestock products but does not necessarily include the top 50 most heavily produced crops and ...
A good's price elasticity of demand ( , PED) is a measure of how sensitive the quantity demanded is to its price. When the price rises, quantity demanded falls for almost any good ( law of demand ), but it falls more for some than for others. The price elasticity gives the percentage change in quantity demanded when there is a one percent ...
Business portal. v. t. e. In mainstream economics, economic surplus, also known as total welfare or total social welfare or Marshallian surplus (after Alfred Marshall ), is either of two related quantities: Consumer surplus, or consumers' surplus, is the monetary gain obtained by consumers because they are able to purchase a product for a price ...
Substitute good. In microeconomics, substitute goods are two goods that can be used for the same purpose by consumers. [1] That is, a consumer perceives both goods as similar or comparable, so that having more of one good causes the consumer to desire less of the other good. Contrary to complementary goods and independent goods, substitute ...
Use Online Marketplaces. According to McCullough, popular websites like eBay and Facebook Marketplace are excellent for finding deals on back-to-school items. “Parents often sell items their ...
Economics. In economics, the cross (or cross-price) elasticity of demand measures the effect of changes in the price of one good on the quantity demanded of another good. This reflects the fact that the quantity demanded of good is dependent on not only its own price ( price elasticity of demand) but also the price of other "related" good.
Population equivalent. Population equivalent (PE) or unit per capita loading, or equivalent person (EP), is a parameter for characterizing industrial wastewaters. It essentially compares the polluting potential of an industry (in terms of biodegradable organic matter) with a population (or certain number of people), which would produce the same ...
Infoblox, Inc. Infoblox, is a privately held IT automation and security company based in California 's Silicon Valley. The company focuses on managing and identifying devices connected to networks—specifically for the Domain Name System (DNS), Dynamic Host Configuration Protocol (DHCP), and IP address management [3] (collectively, "DDI").