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What is the energy of the first rotational state of the hydrogen (H2) molecule? The separation between the protons is 10-10 m and the mass of each proton is 1.67 *10-27 kg.(h = 6.626 * 10-34 J . s and 1 eV = 1.6 *10-19 J.)
Equilibrium Price
The price in the market where the amount of a product that consumers want to buy is the same as the amount available for sale, resulting in a balanced market situation.
Demand Schedules
Tabular representations showing the quantity of a good or service that consumers are willing and able to buy at various prices, over a specified period.
Surplus
In economics, the amount by which the quantity of a product exceeds the quantity demanded at a specific price.
Shortage
A market condition in which demand for a good or service exceeds the supply available at a specific price.
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