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Answers toStudent Questions

Environmental Systems and Societies

What is one major cause of species extinction?

Extinctions occur due to changes in a species’ habitat, natural disasters, or direct human actions aimed at the species. Humans are currently driving the **sixth mass extinction** through various factors: - Habitat destruction - Climate change - Introduction of non-native species - Hunting and overharvesting of wild species - Pollution The scale of environmental change and species loss we have caused over the past few centuries has led some scientists to propose naming a new geological epoch: the **Anthropocene**. The **first five mass extinctions** were triggered by natural events such as: - Meteorite impacts - Changes in sea level - Super-volcanic eruptions - Climate change - Tectonic plate movements A key difference between these events and the current mass extinction is the speed. While past extinctions occurred over thousands to millions of years, the current one is unfolding at an accelerated pace due to human activity. It’s important to recognize that extinctions are a natural part of life. As species evolve, they may shift into new niches or change their habitat, leading to the extinction of other species. This, in turn, creates opportunities for new species to evolve and fill the vacated niches. This roughly steady rate of extinction is known as the **background extinction rate**. However, the current extinction rate, driven by human actions, is estimated to be 100 to 10,000 times higher than the natural background rate.

Economics

What are non-price determinants in economics?

In microeconomics, the price of a product has the most significant effect on consumer behaviour (demand) and producer behaviour (supply). However, many other factors affect the quantities demanded and supplied at every price. For example, consumers will pay a higher price for products they prefer. Hence, if consumer preference for a product increases, consumers will demand more at each price. The demand schedule below shows consumer preferences before and after an advertising campaign. Assuming the advertising campaign is successful—it increases consumer preference for the good—quantity demanded increases at every price. |Price |Quantity demanded$_1$|Quantity demanded$_2$| |:-:|:-:|:-:| |$0|200|250| |$10|150|200| |$20|100|150| |$30|50|100| |$40|0|50| Economists call this change an increase in demand. An increase in demand differs from an increase in *quantity demanded*, which occurs when the price decreases. An increase in demand is shown by a rightward shift of the demand curve; a decrease in demand is shown by a leftward shift of the demand curve. The table below shows how the determinants and how they impact demand: |Non-price determinant of demand|Demand shifts right if…|Demand shifts left if…| |:-:|:-:|:-:| |Tastes and preferences|consumers want a product more|consumers want a product less| |Price of related goods (substitutes)|price of other goods increases|price of other goods decreases| |Price of related goods (complements)|price of other goods decreases|price of other goods increases| |Income (normal goods)|incomes increase|incomes decrease| |Income (inferior goods)|incomes decrease|incomes increase| |Future expectations of price|prices are expected to rise|prices are expected to fall| |Number of consumers|consumers join market|consumers leave market| Similarly, when factors other than price change producer preference, supply increases (the supply curve shifts right) or decreases (the supply curve shifts left). |Non-price determinant of supply |Supply shifts right if…|Supply shifts left if…| |:-:|:-:|:-:| |Cost of raw materials/labour|costs decrease|costs increase| |Price of related goods (joint supply)|price of other goods increases|price of other goods decreases| |Price of related goods (competitive supply)|price of other goods decreases|price of other goods increases| |Taxes and subsidies|indirect taxes decrease/subsidies increase|indirect taxes increase/subsidies decrease| |Future expectations of price|prices are expected to fall|prices are expected to rise| |Technology|technology increases|technology decreases| |Number of firms|firms join market|firms leave market|

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