Which of the Following Involves Updating One or More Databases

question 1

Multiple Choice

Which of the following involves updating one or more databases with new transactions?

• A)data manipulation
• B)data storage
• C)date input
• D)data collection

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to a balance in the market.

Producer Surplus

The discrepancy between the price at which producers are prepared to offer a good or service and the price they actually obtain.

Demand Shifts

Refers to the change in the quantity demanded of a good or service at any given price, caused by factors other than the price of the good itself.

New Equilibrium

The state reached when market forces realign, resulting in a new balance between supply and demand after a disturbance.