When Demand Hardly Changes with a Small Change in Price

question 134

Multiple Choice

When demand hardly changes with a small change in price, then demand is said to be:

• A) inverse.
• B) elastic.
• C) inelastic.
• D) reverse.
• E) dynamic.

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Definitions:

Specific Rotation

A measure of the degree to which a chiral compound can rotate plane-polarized light, specific to the compound's concentration and temperature.

Configurations

Refers to the permanent arrangement of atoms in molecules and their spatial orientation, which cannot be changed without breaking and reforming chemical bonds.

Natural Product

A chemical compound produced by a living organism, often found in nature with potential benefits for pharmaceutical applications.

Specific Rotation

A physical property that measures the degree to which a compound is capable of rotating the plane of polarized light, used in the analysis of chiral substances.