Match Each Term Below with Its Description

question 17

Multiple Choice

Match each term below with its description.
-Source of direct current with opposite positive and negative terminals

• A)Internet
• B)Modern
• C)Electrons
• D)Alternating
• E)Font
• F)Insulator
• G)Resistance
• H)Software
• I)Power
• J)Ground
• K)Port
• L)Matter
• M)Battery
• N)Hardware
• O)Scanner

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Definitions:

Price Elasticity

The responsiveness of the quantity demanded or supplied of a good to a change in its price, a key concept in understanding consumer and producer behavior.

Crude Oil

A naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials, used as a fuel source.

Price-Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a percentage.

Perfectly Inelastic

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