Examlex
If the pH of a buffer solution is greater than the pKa value of the buffer acid, the buffer will have more capacity to neutralize added base than added acid.
Quantity Demanded
The total amount of a good or service that consumers are willing to purchase at a given price over a specified period.
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.
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