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What are the seven characteristics of an agile MIS infrastructure?
Quantity Demanded
Refers to the total amount of a good or service that consumers are willing and able to purchase at a specific price in a given period of time.
Quantity Supplied
The measure of goods or services that producers intend and are able to put on the market at a chosen price for a specified duration.
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers is equal to the quantity supplied by producers.
Effective Price Ceiling
An effective price ceiling is a government-imposed limit on the price that can be charged for a product or service, set below the market equilibrium, leading to shortages.
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