If Consumers Were Largely Indifferent to a $0

question 21

Multiple Choice

If consumers were largely indifferent to a $0.10 increase in the price of a gallon of milk,the rise can be said to fall within customers' ________.

• A) price indifference band
• B) price elasticity zone
• C) price inelasticity range
• D) coefficient of ambivalence
• E) none of the above

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Definitions:

Shunt

A low-resistance connection between two points in an electric circuit that forms an alternative path for a portion of the current.

Compound Motor

A motor that contains both series and shunt field windings.

Cumulative

Increasing or grown by accumulation or successive additions.

Differential

Relating to or involving a difference; typically referring to circuits or components that measure or react to the difference between two quantities.