Match the Following. -Energy Associated with the Motion of an Object

question 14

Multiple Choice

Match the following.
-energy associated with the motion of an object

• A)thermal energy
• B)chemical energy
• C)kinetic energy
• D)potential energy

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Definitions:

Normal Good

A good that has a positive income elasticity, so that as consumer income rises, demand for the good rises, too.

Market Supply

The total quantity of a good or service that sellers are willing and able to sell at a given price over a specific period.

Elasticity

Elasticity refers to the measure of how much the quantity demanded or supplied of a good changes in response to a change in price.

Normal Good

A good for which demand increases as the income of consumers increases and decreases as the income of consumers decreases.