Goats are outside living on the sides of steep mountains. They are eating the grass and bushes that grow there. It's a clear, sunny day on the mountainside.
What is happening to the carbon dioxide in the air? Is it ONLY being released (as a
product), ONLY absorbed (as a reactant), or being released AND absorbed?

CO2 is being both released by goats in exchange for O2 and absorbed by the plants in exchange for O2, too

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igneous rocks which formed by the crystallization of magma at the surface of the earth called extrusive rocks. they are characterized by fine-grained textures because the rapid cooling at or near the surface did not provide enough time for large crystals to grow.