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Yes, we have shifted voltage relationships, for example the output is now at ground level, but we have not altered the total potential voltage, current, or dissipation in the circuit. The triode still sees the same cathode-to-plate voltage and the same idle current. The plate resistor still sees the same voltage across its leads; and thus the same current flow and dissipation; thus, the same functioning. Increasing the grid voltage causes the tube to increase its current conduction, which when relayed through the current path, creates a greater voltage across the plate resistor, which in turn forces the plate negatively, as the other end of the resistor is fixed by the first power supply. Conversely, decreasing the grid voltage causes the tube to decrease its current conduction, which lessens the voltage across the plate resistor, which in turn forces the plate positively, as once again, the other end of the resistor is fixed by the first power supply. If the triode ceases to conduct any current, then the resistor will see zero voltage across its leads and the tube will see the total voltage of the two power supply placed in series. And if the tube conducts fully, then the resistor will see almost all the voltage from the power supplies in series and the tube will see a cathode-to-plate
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