If 120 V Are Applied to a System with 1000

question 30

Multiple Choice

If 120 V are applied to a system with 1000 Ohms of resistance, what is the current?

• A) 100 A
• B) 100 Ohms
• C) 120 mA
• D) 120 A

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Definitions:

Few Substitutes

A market condition where there are limited alternatives available for a particular product or service, potentially leading to higher prices.

Price-Inelastic

Describes a situation where the demand for a good or service is relatively unchanged despite changes in its price.

Supply Curve

A graph showing the relationship between the price of a good and the quantity of the good that producers are willing and able to sell, usually upward sloping.

Budget Proportion

The allocation of financial resources among various categories or items in a budget.