Examlex
Ammonium ions are converted to nitrite ions and nitrate ions through the process of
Price Elastic
A term related to price elasticity of demand, indicating how responsive the quantity demanded of a good or service is to a change in its price.
Product
Anything that can be offered to a market to satisfy a want or need, including goods, services, and ideas.
Income Elasticity
A measure of how the demand for a good or service changes in relation to a change in income.
Good
A tangible product that satisfies human wants or needs.
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