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A moving conveyor is built so that it rises 3 meter for each 5 meters of horizontal travel.The conveyor runs between two floors in a factory.The distance between the floors is 4 meters.Find the length of the conveyor.Round your answers to one decimal place.
Perfectly Inelastic
Describes a situation where the demand for a good does not change in response to a change in price.
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, defined as the percentage change in quantity demanded divided by the percentage change in price.
Demand Curve
A diagram displaying the connection between a product or service's price and the amount requested over a specified timeframe.
Price Elasticity
A gauge of the responsiveness of the amount of a product desired to alterations in its cost, reflecting demand's sensitivity to changes in price.
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