In Which of These Instances Is Demand Said to Be

question 153

Multiple Choice

In which of these instances is demand said to be perfectly inelastic?

• A)An increase in price of 2% causes a decrease in quantity demanded of 2%.
• B)A decrease in price of 2% causes an increase in quantity demanded of 0%.
• C)A decrease in price of 2% causes a decrease in total revenue of 0%.
• D)An increase in price of 2% causes a decrease in quantity demanded of 1/2%.

Understand the functioning and importance of overload contacts in control circuits.

Recognize common documentation forms for motor control circuits.

Explain the logical operation documentation of control circuits.

Know the physical and logical documentation forms of control circuits.

---

Definitions:

Unexpected Events

Situations or occurrences that take place without prior warning, often causing disruption.

Entrepreneurs

Individuals who initiate, manage, and take on the risks of a business or enterprise with the aim of making a profit.

Obtaining Financing

The process of securing funds to start or expand a business, typically through loans, investments, or grants.

Start-Up Companies

New businesses in the early stages of development, often characterized by innovative products or services and aimed at fulfilling a specific market need or niche.