In the Case of Perfectly Elastic Demand, the Demand Curve

question 165

Multiple Choice

In the case of perfectly elastic demand, the demand curve is

• A) upward sloping.
• B) downward sloping.
• C) vertical.
• D) horizontal.

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Definitions:

Air Leakage

The unintentional escape of air from pneumatic systems, such as those found in air brake systems in vehicles, leading to reduced efficiency or performance.

High Range

A gear configuration in vehicles, particularly in those with 4WD or transmission systems, that provides higher speed but lowers torque.

Mechanical Road Speed Signal

A signal generated by a mechanical device, often used in older vehicles, to indicate the speed at which the vehicle is moving.

Inductive Type

Refers to sensors or devices operating on the principle of induction, where electric current is generated due to a changing magnetic field, used in various applications including proximity sensors.