1. About Dial Caliper. Nowadays, the dial caliper has become considerably more popular than the venire caliper. The reason is simple: compared to the venire caliper, a dial caliper is much easier to use and read. Additionally, compared to the digital calipers, a dial caliper is more durable. The dial caliper features the beam lock, dial, depth rod, dial calibration lock, main scale, two fixed jaws and two moveable jaws.
Total level of demand for desired goods and services (at any time by all groups within a national economy) that makes up the gross domestic product (GDP) . Aggregate demand is the sum of consumption expenditure, investment expenditure, government expenditure, and net exports.
Definition: Elastic demand is an economic concept that occurs when the quantity of a product responds intensively to a change in the price of the product. What Does Elastic Demand Mean? What is the definition of elastic demand? According to the law of demand, when the price of a product rises, the quantity demanded declines because people are not willing to spend more money on a particular product.