Match Each Term with a Statement Below

question 38

Multiple Choice

Match each term with a statement below.

-Contents are lost when the computer is turned off or loses power

• A)volatile memory
• B)software
• C)syntax error
• D)machine language
• E)sentinel
• F)pseudocode
• G)hardware
• H)flowchart
• I)flowlines
• J)documentation

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Definitions:

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded; also known as market-clearing price.

Equilibrium Quantity

At the market equilibrium price, the amount of goods or services available matches the amount that is demanded.

Inferior Good

An economic term for a good whose demand decreases as the consumer's income increases, contrasting with normal goods.