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Centrally Planned Economy

An economy in which most decisions about resource allocation are made by the central government.

CERCLA

Comprehensive Environmental Response, Compensation and Liability Act . U.S. federal law enacted by Congress in 1980 for the purpose of cleaning up existing toxic sites. A.K.A. Superfund.

Cfs

Abbreviation of cubic feet per second .

Cfs-day

The volume of water represented by a flow of 1 cubic foot per second for 24 hours. It equals 86,400 cubic feet, 1.983471 acre-feet, or 646,317 gallons.

Cfsm (cubic feet per second per square mile)

The average number of cubic feet of water per second flowing from each square mile of area drained by a stream, assuming that the runoff is distributed uniformly in time and area.

Chance

A 30, 40 or 50 percent chance of occurrence of measurable precipitation.

Change in Demand

A shift in the entire demand curve so that at any given price, people will want to buy a different amount. A change in demand is caused by some change other than a change in the goods price.

Change in Quantity Demanded

Movement up or down a given demand curve caused by a change in the goods price with no shift in the curve itself.

Change in Quantity Supplied

A price change causing movement along the supply curve but no shift in the position of the curve itself.

Change in Supply

A change in one of the cost determinants of supply causing a shift in the position of the supply curve.

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