Law relate to the concept of price elasticity

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The phenomenon of ‘faster, cheaper’ computing is often referred to as Moore’s Law after Gordon Moore, a cofounder of Intel.

1) What is Moore’s Law? What does it apply to?

2) What is price elasticity and how does Moore’s Law relate to the concept of price elasticity?

3) Why is Moore’s Law important for managers and how does it influence the way managers think and make technology related decisions?

4) What is digital divide? What impact does the Moore’s Law have on digital divide?

Reference no: EM131231550

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