What Does These Abbreviation Refere To

question 6

Multiple Choice

What does these abbreviation refere to:
-Shot logging

• A)start and end time codes
• B)log in
• C)log out
• D)none of the above

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Definitions:

Consumer's Budget

is the total amount of income available to an individual or household to spend on goods and services or to save, after taxes.

Elastic Demand

A situation where the quantity demanded of a product changes significantly in response to changes in the product's price.

Inelastic Demand

Refers to a situation where the quantity demanded of a good or service does not significantly change when its price changes.

Price Elasticity of Demand

A metric that describes the sensitivity of the demand for a product to variations in its price.