Match Each Term with the Correct Statement Below

question 30

Short Answer

Match each term with the correct statement below.
-The ability to increase the access to server resources and provide fail-safe services by linking two or more discrete computer systems so they appear to function as though they are one

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Definitions:

Total Revenue

The total income received by a firm from its sales of goods or services, calculated as the unit price times the quantity sold.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers.

Inelastic

A situation in which the demand or supply for a good or service is relatively unresponsive to changes in price.

Price Elasticity

The measurement of demand's elasticity to price changes for a particular good.