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A customer wants to purchase a new home computer. The machine will mainly be used for Internet browsing and streaming video, except on weekends when the customer's son will use it to play games with friends. Which of the following should the technician focus on to meet these requirements? (Choose two.)
Elastic
In economics, elasticity refers to the degree to which demand or supply responds to changes in price. High elasticity means a significant change in quantity with a small change in price.
Unit-elastic
A situation in which the percentage change in quantity demanded is equal to the percentage change in price, indicating a unitary elasticity of demand.
Labor Demand
Refers to the quantity of workers that employers are willing to hire at a given wage rate.
Rapidly Declining
This term describes a situation where values, prices, or quantities are decreasing quickly over a period of time.
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