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Molecules that, due to their symmetry, have slightly different electric charges at each end are said to be
Inelastic
Describes a market situation where the demand for a product or service is relatively unchanged by price variations.
Elastic
Describes a situation where the quantity demanded of a product or service significantly changes in response to a change in its price.
Demand Curve
A graph showing how the demand for a commodity or service varies with changes in its price.
Quantity Demanded
The total amount of a product that consumers are willing and able to purchase at a given price over a specified period.
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