What Is an OBD-II Drive Cycle

question 59

Essay

What is an OBD-II drive cycle?

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Definitions:

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in its price.

Percentage Change

A mathematical calculation that indicates the degree of change over time, expressed as a percentage.

Price Elasticity

A gauge for the reaction of the amount of a good sought after to a price modification of that good.

Price Change

A variation in the cost of goods or services over time, which can be influenced by factors such as supply and demand.