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What physical situation is necessary to create an absorption spectrum?
Law of Demand
A fundamental economic principle stating that, all else being equal, as the price of a good increases, consumer demand for the good decreases, and vice versa.
Average Price
The mean price of a good or service, calculated by dividing the total revenue by the quantity sold.
Equilibrium Price
The cost at which the amount of a product consumers want to buy matches the amount producers are willing to sell, leading to equilibrium in the market.
Gigabyte
A unit of digital information storage equivalent to approximately 1 billion bytes (1,000 megabytes).
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