When Is Demand Said to Be Inelastic

question 42

Multiple Choice

When is demand said to be inelastic?

• A) when the demand curve and the supply curve do not cross
• B) when the total cost and total revenue are equal at all levels of demand
• C) when the calculated elasticity of demand is greater than one
• D) when the calculated elasticity of demand is less than one

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Definitions:

Stationary Windings

Fixed coils of wire in an electric motor or generator that contribute to magnetic field production when current flows through them.

Voltage Regulator

Controls voltage in a circuit either electromechanically (obsolete) or electronically.

Loose Belt(s)

A condition where drive belts in machinery or vehicles lack proper tension, leading to slippage and reduced efficiency.

Defective Diode

A defective diode is a faulty electronic component that fails to conduct electricity in only one direction as intended, potentially causing circuit malfunctions.