Examlex
Hydrogen sulfide can be formed in the following reaction: H2(g) + S2(g)
H2S(g) H°rxn = -92 kJ
The equilibrium constant Kp = 106 at 1023 K. Estimate the value of Kp at 1218 K.
Cross Elasticity
Cross elasticity of demand quantifies how the demand for a good or service is affected by the price change of another related good, reflecting their substitutability or complementarity.
Complements
Goods or services that are used together, where the use of one increases the demand for the other.
Substitutes
Goods or services that can be used in place of each other; as the price of one increases, the demand for the other increases.
Price Inelastic
Describes a situation where the demand for a product does not significantly change with a change in its price.
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