DBA = DAB, in Case of

question 44

Multiple Choice

DBA = DAB, in case of

• A)Stagnet diffusion
• B)Equimolar counter diffusion
• C)Either of (A) and (B) above
• D)None of the above
• E)2.6 cm²/sec

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Definitions:

Elastic Demand

Refers to a situation where the quantity demanded for a product or service changes significantly in response to changes in its price.

Pure Monopolist

A single seller in a market with no close substitutes for the product, resulting in complete market control.

Pure Competitor

A market participant in an industry where many sellers offer identical products, and no single seller can influence market price.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for competition on factors other than price.