The Price of a Product or Service Should Ideally Be

question 30

True/False

The price of a product or service should ideally be higher than the demand for that product or service.

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Definitions:

Heterogeneous Catalysts

Catalysts that are in a different phase than the reactants, often used to increase the rate of chemical reactions without being consumed in the process.

Homogeneous Solutions

Mixtures that are uniform in composition and appearance throughout, where all components are dissolved into a single phase.

Reactants

Chemicals that exist before a reaction takes place, consumed in the process to yield the products.

Catalyst

An agent that boosts the pace of chemical reactions without being permanently altered in the process.