Examlex
When income increases by 1%,the quantity demanded of a good decreases by 2%.What is the income elasticity of the good? Is the good normal or inferior? Why?
Zero-order Reaction
A chemical reaction where the speed at which it occurs is unaffected by the amount of reactant(s) present.
Reactant Concentration
The amount of reactants present in a given volume of solution at the start of a chemical reaction, influencing the reaction rate.
First-order Reaction
A chemical reaction whose rate is directly proportional to the concentration of a single reactant.
Half-life
The time required for a quantity to reduce to half its initial value, often used to describe the rate of decay of radioactive substances.
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