What Is the General Term for the Process in Which

question 20

Multiple Choice

What is the general term for the process in which a chemical species loses electrons?

• A)oxidation
• B)reduction
• C)condensation
• D)Lewis base
• E)decomposition

---

Definitions:

Elastic

A characteristic of a good or service that indicates its sensitivity to changes in price, with relatively large changes in quantity demanded or supplied in response to price changes.

Inelastic

Inelastic describes a situation where the demand or supply for a good or service is not significantly changed by variations in price.

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a good or service and the actual price they do pay.

Tax

A mandatory monetary contribution or different sort of tax levied on a taxpayer by a government entity to finance government expenditure and assorted public costs.