A Government Wants to Reduce Electricity Consumption by 5

question 37

Multiple Choice

A government wants to reduce electricity consumption by 5%. The price elasticity of demand for electricity is -0.5. The government must ________ the price of electricity by ________.

• A) raise; 10.0%
• B) raise; 1.0%
• C) raise; 0.1%
• D) lower; 0.5%

Understand the control mechanisms for spool valves and their operational modes.

Identify common causes of hydraulic fluid contamination and their effects on system performance.

Differentiate between single acting and double-acting cylinders and their applications.

Recognize the importance of proper testing and maintenance practices for maintaining hydraulic system health.