The Demand for Gasoline Will Respond More to a Change

question 217

True/False

The demand for gasoline will respond more to a change in price over a period of five weeks than over a period of five years.

---

Definitions:

Torque

A measure of the force that can cause an object to rotate about an axis, often used in context with engines and mechanical devices.

Centerline Of Rotation

The imaginary line around which an object, often a mechanical component, rotates, serving as the axis for analysis and design.

Torque

A measure of the rotational force applied to an object, which causes it to rotate around an axis.