Match the Items with the Correct Description Below

question 15

Multiple Choice

Match the items with the correct description below.
-Proportional limit

• A)Resistance to deformation
• B)The greatest stress a structure can withstand without permanent deformation
• C)The resistance of a solid to penetration
• D)The maximum amount of stress a material can withstand without breaking
• E)The ability of a material to resist fracture

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Definitions:

Perfectly Inelastic

Describing a situation where the quantity demanded or supplied does not change regardless of changes in price.

Market Supply

The total quantity of a specific good or service that is available for purchase in the market by all suppliers at various price levels.

Market Demand

The total demand for a product or service across all consumers in a market at a given price level and time.

Equilibrium Level

A condition in which the supply and demand in the market are equal, leading to stable prices.