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A Computer Is an Electronic Device That Can Accept Data

question 18

True/False

A computer is an electronic device that can accept data and process it according to specified rules,but that cannot produce information.


Definitions:

Equilibrium Price

The selling price where the amount of products offered is equal to the amount of products consumers want to buy.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a particular price over a specified period.

Quantity Demanded

Denotes the overall quantity of a product or service that buyers are ready and capable of buying at a certain price point during a specified timeframe.

Shortage

A situation where the demand for a product exceeds the supply available at a specific price.

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