Electrical Wind Generation Was First Used in the

question 60

Multiple Choice

Electrical wind generation was first used in the

• A) 1880s
• B) 1910s
• C) 1940s
• D) 1960s
• E) 1990s

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Definitions:

Price Elasticity

A measure of how sensitively the quantity demanded of a good or service responds to a change in its price.

Supply

The total amount of a product or service available for purchase at any given time.

Demand

is the quantity of a product or service that consumers are willing and able to purchase at various prices at a given time.

Income Elasticity

The ratio of the percentage change in the quantity demanded of a good to the percentage change in consumer income, used to measure how changes in income affect demand.