What Is One Means of Conserving Energy

question 51

Multiple Choice

What is one means of conserving energy? 

• A) using high-quality energy whenever possible 
• B) increasing the efficiency of equipment 
• C) recycling energy 
• D) using wind turbines

---

Definitions:

Perfectly Inelastic

A situation in which the quantity demanded or supplied of a good does not change in response to a change in price.

Elastic

Elastic refers to a situation where the demand for a product or service significantly changes in response to price changes.

Inelastic

Describes a situation where the quantity demanded or supplied of a good or service is relatively unresponsive to changes in its price.

Profit-Maximizing Quantity

The level of output at which a business achieves the highest possible profit, balancing incremental costs and revenues.