Given the cobweb adjustment to price and quantity in the market below, which of the following statements is most correct?





A) The price in 2013 would fall to $85.

B) The price in 2013 would fall to $30.

C) The producer's decision in 2013 is to supply 100 units of output.

D) None of the above.


A) The price in 2013 would fall to $85.

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Answer the following statement true (T) or false (F)

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After a TP sensor has been tested using the MIN/MAX function on a DMM, a reading of 5 volts is displayed. What does this reading indicate?

A) The TP sensor is open at one point during the test B) The TP sensor is shorted C) The TP sensor signal is shorted to 5-volt reference D) Both B and C are possible

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The symbol ? is an abbreviation for 10-6 or micro

Indicate whether the statement is true or false

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A closed-loop system:

A) Monitors conditions that it can not control. B) Controls conditions for machines that are not open to the air. C) Monitors conditions that it can control. D) Connects to the main controller through an enclosed conduit.

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