Match the Term on the Left to Its Corresponding Definition

question 49

Multiple Choice

Match the term on the left to its corresponding definition on the right.
-bandwidth

• A)network technology that enables every computer to be both a client and server
• B)device used to connect computer to phone line
• C)a Web site designed to allow anyone who accesses it to modify it
• D)continuous wave of bits
• E)fast Internet connection like DSL
• F)amount of data that can be transmitted through a communication medium in a given amount of time
• G)secure network that uses encryption
• H)a protocol for computer networking
• I)personal Web page that can be used for a personal diary

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Definitions:

Price Elasticity of Supply

A measure of how much the quantity supplied of a good changes in response to a change in the price of that good, indicating the responsiveness of producers.

Midpoint Method

A formula used in economics to calculate the elasticity of a good or service, offering a more accurate measurement by averaging the starting and ending points.

Price Elasticity of Supply

An indicator of the extent to which the supply of a product reacts to a shift in its price.

Midpoint Method

A technique utilized in economics to calculate the percentage change between two values, minimizing the distortion from the choice of base value by using the average of the initial and final values as the base.