_____ Are Electronic Storage Devices That Contain No Moving Parts

question 6

Multiple Choice

_____ are electronic storage devices that contain no moving parts.

• A) Hard drives
• B) Flash memory devices
• C) Streaming tape devices
• D) DVDs
• E) CDs

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Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing to buy at a given price level in a given period.

Perfectly Inelastic

Describing a situation where the quantity demanded or supplied of a good does not change in response to a price change.

Demand Curve

A graphical representation of the quantity of a good that consumers are willing and able to purchase at various prices during a given period.

Cross-Price Elasticity of Demand

A measure indicating how the quantity demanded of one good or service changes in response to a price change of another good or service.