A Given Percentage Increase in Consumer Demand Can Lead to a Much

question 68

Multiple Choice

A given percentage increase in consumer demand can lead to a much larger percentage increase in the demand for plant and equipment necessary to produce the additional output.Economists refer to this as the ________.

• A) derived demand
• B) inelastic demand
• C) acceleration effect
• D) straight rebuy
• E) sales cycle

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Definitions:

First lumbar vertebra

The topmost vertebra of the lumbar section of the spine, which supports the lower back.

Gyri

The ridges of brain matter between the sulci; also called convolutions.

Sulci

The grooves on the surface of the cerebrum.

Gray matter

The dark-colored regions of the brain and spinal cord consisting mainly of neuronal cell bodies and dendrites, involved in processing and integrating information.