Necessities Such as Food and Clothing Tend to Have

question 12

Multiple Choice

Necessities such as food and clothing tend to have

• A)high price elasticities of demand and high income elasticities of demand.
• B)high price elasticities of demand and low income elasticities of demand.
• C)low price elasticities of demand and high income elasticities of demand.
• D)low price elasticities of demand and low income elasticities of demand.

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Definitions:

5th Wheel

A pivoting plate attached to a vehicle's chassis (like those on semi-trucks) that enables the attachment and swivel motion of a trailer or similar component.

Locking Mechanism

A device or system designed to prevent movement or separation by securing components in place, commonly used in various types of machinery and equipment.

Drawbar Eye

The coupling eye that engages to either a pintle hook or the shank below a heavy-duty ball hitch assembly.

A-train Combination

A specific truck and trailer arrangement where a standard tractor pulls a semi-trailer which is connected to a "pup" trailer by a converter dolly, used to increase cargo capacity.