Examlex
Tetrasilane (Si4H10) is a liquid with can react with oxygen to form SiO2 and water. How many moles of water are produced from each mole of tetrasilane that reacts?
Income Elasticity
A measure of how the quantity demanded of a good or service changes in response to a change in consumer income.
Inferior Good
A type of good for which demand decreases when consumers' income increases, opposite to normal goods.
Perfectly Inelastic
Describes a situation where the demand for a good does not change in response to a change in price.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, defined as the percentage change in quantity demanded divided by the percentage change in price.
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