Examlex
What is the pressure (in atmospheres)of the sample of gas trapped in the closed-tube mercury manometer shown below if h = 23.6 cm?
Price Range
The spread between the highest and lowest price of a commodity, security, or asset over a given period.
Demand
The desire and ability of consumers to purchase goods and services at given prices.
Perfectly Elastic
Describes a situation in economics where the demand or supply for a product can vary infinitely with a small change in price.
Inelastic
A situation in which the demand for a product does not increase or decrease correspondingly with a fall or rise in its price.
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