If the Quantity of Carrots Demanded Increases by a Large

question 163

Multiple Choice

If the quantity of carrots demanded increases by a large percentage when income increases by a small amount,the demand for carrots is

• A)price elastic.
• B)price inelastic.
• C)income inferior.
• D)income inelastic.
• E)income elastic.

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Definitions:

Sun Gear

A central gear which is part of a planetary gear system, interacting with planetary gears to transmit power in automatic transmissions and other mechanisms.

Hydromechanical Transmission

A type of transmission that combines hydraulic and mechanical systems to transfer power from the engine to the wheels or other machinery.

Upshifts

The action of shifting a transmission into a higher gear, resulting in the engine running at a lower RPM for a given vehicle speed.

Throttle Position

Throttle position indicates the angle or level of opening of the throttle in an internal combustion engine, measured by a throttle position sensor to adjust fuel injection.