In a Constructing the Demand Graph to Show How the Price

question 81

Multiple Choice

In a constructing the demand graph to show how the price of a good price affects how much of it the buyers will buy, the convention that economists follow is to measure price on the:

• A) Horizontal axis because it is the independent variable
• B) Vertical axis because it is the dependent variable
• C) Vertical axis even though it is the independent variable
• D) Horizontal axis even though it is the dependent variable

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Definitions:

Lock-up Mode

A function in automatic transmissions that directly connects the engine to the transmission to improve fuel efficiency and reduce slippage.

Stator Assembly

The reaction member of a torque converter used to multiply torque that is supported on a free wheel roller race splined to the front support assembly.

TIG Welded

A type of welding that uses a tungsten electrode to produce the weld, known for its strong and high-quality welds, especially on thin materials.

Vortex Flow

Eddy force created by rotational movement. Both a whirlpool and a tornado produce vortex flow, as do the dynamics of a torque converter. See vortex oil flow.