Examlex
A covalent bond is formed when two atoms share electrons.
Unit Elastic
Describes a situation where a percentage change in the price of a good or service results in an equal percentage change in the quantity demanded or supplied.
Cheddar Cheese
A relatively hard, off-white or orange, natural cheese originating from the village of Cheddar in England.
Total Revenue
The total income generated from selling goods or services, calculated by multiplying the price by the quantity sold.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, demonstrating the goods' sensitivity to price changes.
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