If One of the Caissons of the Falkirk Wheel Contained

question 54

Multiple Choice

If one of the caissons of the Falkirk Wheel contained a sunken boat,resting on its bottom,and the other carried a floating boat,the wheel balance would

• A)still be maintained.
• B)be upset and more energy would be needed for operation.
• C)render the machine useless.
• D)violate Archimedes' principle.

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Definitions:

Cross-price Elasticity of Demand

A measure of how the quantity demanded of one good responds to a change in the price of another good.

Quantity Demanded

The specific amount of a good that consumers are willing and able to buy at a given price.

Income Elasticity of Demand

A measure of how much the quantity demanded of a good changes in response to a change in consumers' income.

Goods and Services

The physical items (goods) and activities or benefits (services) that are produced and provided to satisfy consumers' needs and wants.