The United States Changed to Standard Time Zones When

question 124

Multiple Choice

The United States changed to standard time zones when

• A) Congress passed a law establishing this system.
• B) the major rail lines decreed common fixed times so that they could keep schedules and avoid wrecks.
• C) factories demanded standard time schedules.
• D) long-distance telephones required standard time coordination.
• E) All of these

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Definitions:

Luxury

A luxury item is a good or service that is considered to be of high quality, often resulting in higher prices and perceived as non-essential but desirable if one has the means.

Demand

The consumer's desire and willingness to pay for a good or service, influenced by price, income, tastes, and expectations.

Demand

The volume of goods or services that shoppers are prepared and financially able to buy at several price points within a particular period.

Midpoint Method

A technique used in economics to calculate the elasticity of demand or supply, using the average of the initial and final quantities and prices to determine the percentage change.