Examlex
A large multinational company runs a timesheet application on AWS that is used by staff across the world. The application runs on Amazon EC2 instances in an Auto Scaling group behind an Elastic Load Balancing (ELB) load balancer, and stores data in an Amazon RDS MySQL Multi-AZ database instance. The CFO is concerned about the impact on the business if the application is not available. The application must not be down for more than two hours, but he solution must be as cost-effective as possible. How should the Solutions Architect meet the CFO's requirements while minimizing data loss?
Demand Curve
A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing to buy.
Supply Curve
A visual depiction that illustrates the link between a product or service's price and the amount available over a specific time frame.
Price Expectations
Anticipations or beliefs about future prices that influence consumers' purchasing decisions and firms' production plans.
Changes in Income
Fluctuations in the amount of income earned, which can affect consumer spending and saving behavior.
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