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Karen received a call from a client whose computer will not boot. The client explained that he had just received an error message about a virus on the computer. When Karen arrived, she tried to boot the computer in Safe Mode, but that did not work. Karen decided to install the hard drive on a working computer.
What should Karen do after she installs the hard drive on a second computer?
Inelastic
A demand is considered inelastic when it does not significantly change with the price of a good or service, indicating that consumers are relatively insensitive to price changes.
Elastic
Describing a situation where the demand or supply for a product or service is sensitive to changes in price or other factors.
Decrease Supply
A situation where there's a reduction in the quantity of a good or service that producers are willing and able to sell at a given price.
Elasticity
A measure of how much the quantity demanded or supplied of a good or service changes in response to a change in price.
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