You Can Use the Results from a Search on a Database

question 121

Multiple Choice

You can use the results from a search on a database in all of these ways except ____.

• A) print reports
• B) export data
• C) convert formats
• D) create record

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Definitions:

Elastic

Describes a situation where the quantity demanded or supplied responds significantly to changes in price.

Perfectly Price Discriminate

A pricing strategy where a seller charges the maximum amount each consumer is willing to pay, thus capturing the entire consumer surplus.

Economic Welfare Loss

A decrease in social welfare, usually due to inefficiency in the allocation of resources or market failure.

Monopolist

A single seller in a market with no close substitutes for the product, giving them considerable control over the price.