Match the Term on the Left to Its Corresponding Function

question 16

Multiple Choice

Match the term on the left to its corresponding function on the right.
-hard disk

• A)displays text and pictures
• B)makes hard copies
• C)storage
• D)removable media
• E)controls the operation of core computer components
• F)memory

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Definitions:

Market Price

The going rate for an asset or service to be acquired or disposed of in the marketplace.

Equilibrium Price

The price at which the quantity of a good demanded by consumers balances the quantity supplied by producers, resulting in a stable market condition.

Suppliers

Businesses or individuals that provide goods or services to another entity, often in exchange for monetary compensation.

Surpluses

Occurs when the quantity supplied of a product exceeds the quantity demanded, often leading to a drop in prices.