Which of the Following Parameter Data Types Is NOT One

question 26

Multiple Choice

Which of the following parameter data types is NOT one that is particularly important to specify when using parameters?

• A)Number
• B)Currency
• C)Data/Time
• D)Text

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Definitions:

Substitutable

Describes goods or services that can serve as replacements for each other, fulfilling similar needs or desires for consumers.

Unit-elastic

Unit-elastic refers to a situation in which the percentage change in quantity demanded or supplied is equal to the percentage change in price.

Elasticity

A measure of how much the quantity demanded or supplied of a good changes in response to a change in price.

Elasticity

A measure of the responsiveness of demand or supply to changes in price, income, or other economic factors.