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Recently, in Smalltown, the price of Twinkies fell from $0.80 to $0.70. As a result, the quantity demanded of Ho-Ho's decreased from 120 to 100. What would be the appropriate elasticity to compute? Using the midpoint method, compute this elasticity. What does your answer tell you?
Volatile Memory
Memory that requires power to maintain the stored information, losing all stored data when the system's power is turned off, like RAM.
Random Access Memory (RAM)
A type of computer memory that can be accessed randomly, used for storing operating data and machine code currently in use.
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A type of non-volatile memory used in computers and electronic devices, storing data permanently and typically containing the system's firmware.
Swap File
A file on a hard disk used as a temporary storage area for data that cannot be held in the main system memory.
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