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First, let's check we understand the concept of the first ionisation energy. The term is defined as 'the energy required to remove a mole of electrons from a mole of gaseous atoms'. That is, for ea...
They might want to check if the price elasticty of demand for the good is elastic or inelastic. If it were elastic then the percentage change in price would be smaller than the percentage change in quanti...
First start by giving the definition of first ionisation energy - the energy required to remove one mole of electrons from one mole of gaseous atoms to produce one mole of gaseous ions each with a +1 char...
This question appears at first as counter-intuitive as one might imagine that where demand is inelastic and consumers are not responsive to a rise in price, this would be ideal for a monopoly to make a pr...
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