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A personal computer system always includes a hard drive. Hard drives provide abundant economical storage capacity for most users and provide faster access to files than other storage technologies. You work as an insurance adjuster and often work out of offices in different cities. You decide to purchase an external hard drive, so you can take your files with you wherever you go. In your search for an external hard drive, you notice that most ads specify the access time and speed of a hard drive. Since you believe the information is helpful, you decide to share this information with your employer and coworkers. What do you tell them about these two factors (access time and speed)?
Cigarettes
Narrow cylinders containing psychoactive material, typically tobacco, that are rolled into thin paper for smoking.
Deadweight Loss
A reduction in economic effectiveness that happens when a good or service fails to reach or cannot reach its equilibrium.
Demand
The quantity of a good or service that consumers are willing and able to purchase at a given price.
Elastic
A characteristic of supply or demand that indicates a high sensitivity to changes in price.
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