What Is the Correct Classification of the Following Reaction

question 1

Multiple Choice

What is the correct classification of the following reaction?

• A)Reduction reaction
• B)Oxidation reaction
• C)Elimination reaction
• D)Substitution reaction

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Definitions:

Price Cut

A reduction in the price of a good or service to attract more customers or boost sales.

Price Increase

A rise in the cost of goods or services, often measured by inflation rates or observed in market prices.

Demand Curve

A graph that represents the relationship between the price of a good or service and the quantity of it that consumers are willing and able to purchase at various prices.

Marginal Revenue Curve

A graphical representation showing how marginal revenue varies with changes in the quantity of goods sold, typically derived from the demand curve.