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Balance the following equation for an oxidation-reduction reaction occurring in an acidic solution: ClO4- + SO32- → SO42- + Cl-
The sum of the coefficients is ________.
Demand Curve
A graphical representation of the relationship between the price of a good and the quantity demanded by consumers.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in its price, with higher elasticity indicating greater sensitivity.
Elastic
Describes demand that is highly responsive to changes in price, where a small price change leads to a large change in quantity demanded.
Inelastic
Describes a scenario where the demand or supply of a good or service is not significantly changed when the price of that good or service changes.
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