Choose the Definition That Correlates with Each Term Below

question 20

Multiple Choice

Choose the definition that correlates with each term below.
-Storage

• A)A hand-operated device that controls the cursor and is used to input processing commands without the use of a keyboard
• B)In data communications, a collection of computer and other equipment that use communication channels to share data, information, and hardware and software
• C)An electronic device that can "read" text, images, and barcodes and transfer them into a computer system
• D)Computer output display on a computer monitor
• E)The recording of information so that it can be recalled for later use
• F)A set of instructions or programs that direct the operation of a computer

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Definitions:

Income

Earnings acquired on a routine basis through work or investment profits.

Price Elastic

Describes a situation where the demand for a product changes significantly in response to a change in the product's price.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various price levels, at a given point in time.

Price Elastic

A term referring to the responsiveness of the demand or supply of a good or service to changes in its price.