A Perfectly Inelastic Demand Is One in Which The

question 91

Multiple Choice

A perfectly inelastic demand is one in which the:

• A) demand curve is perfectly vertical.
• B) demand curve is perfectly horizontal.
• C) measured elasticity is exactly 1.
• D) response to a change in price is immediate.

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Definitions:

Control Coil

An electromagnetic coil used in electrical circuits to magnetically control the operation of devices like relays or contactors.

Magnetic Forces

The attraction or repulsion that arises between electrically charged particles due to their motion, which is the basis for the operation of electrical motors and devices.

Armature

The rotating part of an electrical machine such as a motor or generator, on which the coils are wound and voltage is induced.

Core

The central part of an electromagnetic coil or transformer, made of magnetic material, that intensifies its magnetic field.