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Draw a clear mechanism for E2 elimination reactions. Make sure to indicate each step of the mechanism (if there is more than one) as well as to use arrows to show the electron flow.
Market Equilibrium
A point in a market where the quantity of goods supplied is equal to the quantity of goods demanded.
Consumer Surplus
The gap between what consumers are ready and able to expend for a good or service and what they actually spend.
Price Ceiling
A legally imposed limit on the price that can be charged for a good or service, typically set below the equilibrium price.
Excess Demand
A situation where the quantity demanded of a good or service exceeds the quantity supplied at a particular price, often leading to upward pressure on prices.
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