The red lines, as described in the caption to Figure 1, conceptually represent inelastic demand where high price marginally suppresses demand for oil. The recent past has seen oil priced at $110 with supply running at about 77 Mbpd as defined by the right hand red coloured demand curve.
aqueous. watery; prepared with water. aqueous-blood barrier. see blood-aqueous barrier. aqueous flare. turbidity of the aqueous humor caused by increased protein levels and cells. aqueous humor. the fluid produced by the ciliary process in the eye and occupying the anterior and posterior chambers. It provides nourishment for the lens and cornea and maintains the ocular pressure, and hence the optical integrity of the eyeball. Disturbance of its drainage through the corneoiridial angle can induce glaucoma and other disorders.
An acid (from the Latin acidus/acÄre meaning sour) is a chemical substance whose aqueous solutions are characterized by a sour taste, the ability to turn blue litmus red, and the ability to react with bases and certain metals (like calcium) to form salts.Aqueous solutions of acids have a pH of less than 7.Non-aqueous acids are usually formed when an anion (negative ion) reacts with one or more positively charged hydrogen cations. A lower pH means a higher acidity, and thus a higher concentration of positive hydrogen ions in the solution. strong acid is one that completely dissociates in water; in other words, one mole of a strong acid HA dissolves in water yielding one mole of H + and one mole of the conjugate base, A â , and none of the protonated acid HA.