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A constant torque is applied to a flywheel. Which of the following mechanical quantities will be constant?
Income Elasticity of Demand
A measure of how much the quantity demanded of a good responds to a change in consumers' income, expressed as a percentage change in demand divided by the percentage change in income.
Inferior Good
is a type of good whose demand decreases when consumer income rises, unlike normal goods, for which demand increases when income rises.
Supply Curve
A graphical representation showing the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to supply at various prices.
Price Elasticity of Supply
A measure of how much the quantity supplied of a good changes in response to a change in its price.
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