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A toaster is rated at 800 W when operating at 120 V dc.What is the resistance of its heating element?
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers is equal to the quantity supplied by producers, resulting in a market balance.
Quantity
The quantity of a substance or item that is available or manufactured.
Competitive Market
A market structure characterized by a large number of buyers and sellers, where no single entity can dictate the market price.
Government Regulation
Laws and rules established by governments to control the behavior of businesses and individuals to achieve policy objectives.
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