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Unlike Demand, the Longer the Time Suppliers Have to Respond

question 33

True/False

Unlike demand, the longer the time suppliers have to respond to a change in price, the less elastic is the supply curve.


Definitions:

Locked Rotor Current

The current drawn by an electric motor when the rotor is not turning and power is applied, typically higher than the running current.

Supply Voltage

The electrical potential difference provided to power an electronic circuit or device.

Synchronous Speed

The speed at which the magnetic field in an AC motor rotates, directly related to the frequency of the power supply and the number of poles in the motor.

Alternating Current Frequency

The number of cycles per second in an alternating current (AC) waveform, typically measured in hertz (Hz).

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