Examlex
When the price of gas is $1.00 a litre,the quantity demanded is 1,750 litres.When the price of gas is $2.00 a litre,the quantity demanded is 1,250 litres.Calculate the price elasticity of demand when the price is $1.50 a litre.
Rate-Limiting
Describes the slowest step in a chemical reaction pathway or process, which determines the overall reaction rate.
Exothermic
A chemical reaction that releases energy by light or heat.
Rate Equation
An expression that describes how the rate of a chemical reaction depends on the concentration of the reactants.
Reaction Rate
The speed at which reactants are converted into products in a chemical reaction, typically measured in moles per liter per second.
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