An Appropriate Example of the Type of Data That Could

question 3

Multiple Choice

An appropriate example of the type of data that could be stored in a Short Text data type field is ________.

• A) name and addresses
• B) customer ID
• C) salary
• D) quantity

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Definitions:

Price Elasticity

An indicator of the degree to which the demand for a product is affected by fluctuations in its price, showing how sensitive buyers are to variations in cost.

Monet Paintings

Works of art created by Claude Monet, a founder of French Impressionist painting, characterized by their impression of the landscape or scenes, focusing on the effects of light and color.

Perfectly Inelastic

A demand scenario where the quantity demanded does not change regardless of price fluctuations.

Income Elasticity

A measure of how much the demand for a good changes in response to a change in consumers' income.