On-Demand pricing model should you use for ec2 instances that will be used in a lab environment for several hours on a weekend and must run uninterrupted.
In economics, demand is the volume of a good that consumers are willing and suitable to buy at colorful prices during a given time. The relationship between price and volume demand is also called the demanding wind. Demand for a specific item is a function of an item's perceived necessity, price, perceived quality, convenience, available druthers, purchasers' disposable income and tastes, and numerous other options.
The demand equation is the fine expression of the relationship between the volume of a good demanded and those factors that affect the amenability and capability of a consumer to buy the good. For illustration, Qd = f( P; Prg, Y) is a demand equation where Qd is the volume of a good demanded, P is the price of the good, Prg is the price of an affiliated good, and Y is income; the function on the right side of the equation is called the demand function.
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