Many Online Systems Depend on the Capabilities of _______________ Tolerant

question 4

Short Answer

Many online systems depend on the capabilities of _______________ tolerant computer systems that can continue to operate if parts of the system fail.

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Definitions:

Elastic Supply

A situation where the quantity supplied of a good changes significantly in response to changes in its price.

Elastic Demand

a situation where the quantity demanded of a good or service significantly changes in response to a change in price.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price.

Excise Tax

A tax charged on specific goods and services, such as alcohol, tobacco, and gasoline.