Examlex

Solved

Which of the Following Is the Most Important Cause of Construction

question 126

Multiple Choice

Which of the following is the most important cause of construction fatalities?


Definitions:

Deadweight Loss

A reduction in economic effectiveness occurring when a good or service doesn't attain market equilibrium in an unrestricted market scenario.

Elastic Supply

A situation where the quantity supplied changes significantly in response to changes in price.

Elastic Demand

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

Inelastic Supply

A situation where the quantity supplied of a good is not significantly affected by a change in price.

Related Questions