Examlex
An oxygen-containing compound which shows sharp IR absorption at 2200 cm-1 and 3300 cm-1 is likely to contain which functional group?
Quantity Demanded
The total amount of goods or services that consumers are willing and able to purchase at a given price point.
Deadweight Loss
Deadweight loss refers to the inefficiency caused in the market when the allocation of resources is not optimal, often resulting from tariffs, taxes, or other restrictions.
Price Floor
A price floor is a government-imposed minimum price charged for a product, aimed at preventing prices from dropping too low.
Binding Price Floors
Government-imposed price minimums that are set above the equilibrium price, causing surpluses in the market.
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