Examlex
Define the following terms and explain their importance to the study of economics.
a. Demand
b. Surplus
c. Equilibrium
d. Law of supply and demand
e. Quantity demanded
WT ECU
Water Temperature Electronic Control Unit, a component in a vehicle's electronic system that monitors and regulates the engine's coolant temperature.
PTO Mode
Power Take-Off mode; a feature in vehicles and machinery that allows them to transfer engine power to auxiliary equipment or attachments.
Allison World Transmission
A range of automatic transmissions designed by Allison Transmission for heavy-duty commercial vehicles, known for durability and efficiency.
Transmission Input
The shaft or component that receives power from the engine and transmits it to the gearbox, initiating the vehicle's drive mechanism.
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