-Refer to the Above Figure for a Particular Good

question 323

Multiple Choice

-Refer to the above figure for a particular good. The rightward shift of the curve could have been caused by

• A) a decrease in the price of an input.
• B) a decrease in the price of that good.
• C) an increase in the price of a complementary good.
• D) an increase in the price of a substitute good.

---

Definitions:

Virtualization

The creation of a virtual (rather than actual) version of something, such as a server, storage device, network resources, or even an operating system.

Fault Tolerance

The ability of a system to continue operating properly in the event of the failure of some of its components.

Redundancy

The duplication of critical components or functions of a system with the intention of increasing reliability of the backup, enhancing fault tolerance, or ensuring immediate availability of an alternative in case of failure.

Vertical Clouds

A sector-specific cloud service that caters to the unique needs of a particular industry, offering specialized computing resources and applications.