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What happens when the low-voltage current flow in the coil primary winding is interrupted by the switching device?
Normal Goods
Goods for which demand increases as the income of consumers increases and vice versa, showing a direct relationship between income and demand.
Demand Schedule
A list or table showing how much of a good or service consumers will want to buy at different prices.
Elasticity
The degree to which the demand or supply of a product responds to changes in price or other factors, indicating how adjustments in price can influence market dynamics.
Income Elasticity
A measure of how much the demand for a good will change in response to a change in consumers' income.
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