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Which statement or statements is/are true for an E1 reaction?
I. The rate limiting step of the reaction involves only the alkyl halide.
II. The rate limiting step of the reaction involves the alkyl halide and the base.
III. There is an intermediate carbocation.
IV. The order of reactivity is 1°>2°>3°.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating the sensitivity of demand to price changes.
Optimal Prices
The price point that maximizes a firm's profits or achieves the best balance between sales volume and profit margins.
Economies of Scale
The financial benefits that companies gain as a result of their size, production volume, or operational scope, where the cost for each unit of production typically falls as the scale expands.
Third-Degree Price Discrimination
A pricing strategy where different prices are charged to different groups of consumers for the same product, based on elasticity of demand.
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