Examlex
Recall that Hubble's law is written v = H₀d,where v is the recession velocity of a galaxy located a distance d away from us,and H₀ is Hubble's constant.Suppose H₀ = 65 km/s/Mpc.How fast would a galaxy located 500 megaparsecs distant be receding from us?
Competitive Market
A market structure characterized by a large number of buyers and sellers, where no single seller can influence the market price of goods.
Market
A Market is any structured system where economic transactions between buyers and sellers take place, including physical locations or virtual spaces.
Demand Curve
A visual depiction showing how the quantity of a product demanded is related to its price.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a specific price, holding all else constant.
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