Examlex
What types of computer systems could be affected by a disaster? (List 6)
Intrinsic Value
The inherent or fundamental worth of something, not influenced by external factors or market conditions.
Extrinsic Value
The portion of an item's worth that is not inherent to the item itself but is attributed by external factors or circumstances.
Snob Effects
The phenomenon where the demand for a certain good increases as its price increases, because it is perceived as a status symbol.
Price Effect
The impact that changes in price have on the consumer's choice and allocation of their income.
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