Generally, Demand Is More _____ in the _____ Because Consumers

question 93

Multiple Choice

Generally, demand is more _____ in the _____ because consumers can fully adjust to price changes.

• A) elastic; short run
• B) elastic; long run
• C) unit elastic; long run
• D) inelastic; short run

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Definitions:

Pitch Diameter

A critical dimension in thread measurement; it's the diameter of the imaginary cylinder where the thread depth equals half the pitch.

Pitch Diameter

The effective diameter of a screw thread, roughly midway between the major and minor diameters.

Diametral Pitch

A measure of tooth density in gear sets, representing the number of teeth per unit of pitch diameter.

Circular Pitch

In gear design, the distance measured along the pitch circle between corresponding points on adjacent teeth.