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Technician A says that diesel engines use MAF sensors to measure exhaust airflow into the cylinders. Technician B says that exhaust gas does not pass through an MAF sensor, so the MAF sensors cannot measure exhaust gas flow. Who is correct?
Demand Schedule
A table that lists the quantity of a good a consumer will purchase at various prices in a market.
Supply Schedule
A table that shows the relationship between the price of a good and the quantity supplied.
Competitive Market
A market structure characterized by many sellers and buyers, free entry and exit, and products that are similar but differentiated.
Going Price
The current market rate at which a particular good, service, or commodity can be bought or sold.
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