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Chlorine dioxide reacts in basic water to form chlorite and chlorate according to the following chemical equation: 2ClO2(aq) + 2OH-(aq) ClO2-(aq) + ClO3-(aq) + H2O(l)
A kinetic study of this reaction under a certain set of conditions yielded the data below.
Price Elasticity
A gauge of how sensitively the demand or supply for a product reacts to alterations in its price.
Midpoint Method
A technique used to calculate the percentage change in a variable by dividing the change by the average value of the initial and final values.
Supply
The total amount of a product or service that is available for purchase at any given price level.
Quantity Demanded
The aggregate quantity of a product or service that customers are ready and able to buy at a specific price point within a certain timeframe.
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