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Describe in Detail the Path That a Drop of Water

question 2

Essay

Describe in detail the path that a drop of water would take from striking Earth's surface as raindrop to reappearing at the surface in a spring.


Definitions:

Perfectly Inelastic

Perfectly inelastic describes a market scenario where the quantity demanded or supplied does not change regardless of price fluctuations.

Supply

The total amount of a certain good or service that is available for purchase at a particular price level and time.

Perfectly Inelastic

Refers to a market situation where the quantity demanded or supplied does not change regardless of the price level changes.

Perfectly Elastic

Describes a market situation where quantity demanded or supplied changes by an infinite amount in response to any change in prices.

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