Case 4 Paul Is Buying a Computer, and Realizes That

question 68

Multiple Choice

Case 4 Paul is buying a computer, and realizes that in addition to the technical considerations, he needs to consider the display technology. He also needs to buy storage devices. Which storage device would be best to store graphics that are large files and for use with word processing files when Paul works from both home and work?

• A) CD-RW
• B) Floppy disk
• C) Hard disk
• D) USB flash drive

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Definitions:

Elastic Demand

A condition where the demand for a product is significantly responsive to changes in its price.

Inelastic Demand

Describes a situation in which the demand for a product does not significantly change with a change in price.

Total Expenditures

The sum of all spending or expenses incurred by an individual, organization, or government.

Close Substitutes

Products or services that can serve almost the same function as another in the eyes of consumers.