_____ Is the Ability of a Material to Return to Its

question 5

Multiple Choice

_____ is the ability of a material to return to its original form after a load is removed. ​

• A)Strength​
• B)Elasticity​
• C)Corrosion​
• D)Elastic limit​

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Definitions:

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute one good for another.

Diminishing Marginal Utility

The principle that as a person consumes more of a good, the satisfaction (utility) gained from each additional unit decreases.

Total Utility

The total satisfaction or benefit a consumer receives from consuming a particular quantity of a good or service.

Noncash Gift-giving

The act of giving gifts that do not involve direct monetary exchange, emphasizing the value of thoughtfulness and relationships.