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When a container of water is placed on a laboratory scale,the scale reads 120 g.Now a 20-g piece of copper (of density 8.9 g/cm3) is suspended from a thread and lowered into the water,not touching the bottom of the container.What will the scale now read? The density of water is 1.0 g/cm3.
Price Elasticity
An indicator of the degree to which the demand or supply of a product adjusts due to a variation in its cost.
Midpoint Formula
A method used in economics to calculate the elasticity of demand or supply between two points on a curve by averaging the quantities and prices.
Price Elasticity
A parameter that quantifies the change in demand for a commodity in response to its price alterations.
Midpoint Formula
A mathematical method used to find the midpoint or average between two points, often used in economics to calculate price or quantity averages.
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