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Your Manager Has Asked You to Shift Usage and Consumption

question 68

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Your manager has asked you to shift usage and consumption of technology resources from a local environment managed by in-house IT staff to the Internet. What kind of computing will allow you to accomplish her goal?


Definitions:

Unit-Elastic

Denotes a situation where a one percent change in price leads to an equal one percent change in quantity demanded or supplied.

Price Ranges

Price ranges refer to the spectrum of potential selling prices for goods or services in a market, reflecting minimum and maximum values.

Price Elasticity Of Supply

The ratio of the percentage change in quantity supplied of a product or resource to the percentage change in its price; a measure of the responsiveness of producers to a change in the price of a product or resource.

Supply Of A Product

The total amount of a specific good or service that is available for purchase at various prices in a given market.

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