A Record That Contains Data Is Referred to as a Record

question 71

Multiple Choice

A record that contains data is referred to as a record ________.

• A) occurrence
• B) type
• C) template
• D) file

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Definitions:

Perfectly Inelastic

A situation in demand where the quantity demanded does not change regardless of changes in price.

Short Run

A period of time during which at least one of a firm's inputs is fixed, limiting its capacity to adjust to changes in demand.

Rent

A periodic payment made by tenants to landlords for the use of land, a building, or other property.

Supply Curve

A curve that illustrates the supply for a product by showing how each possible price (on the vertical axis) is associated with a specific quantity supplied (on the horizontal axis).