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1 . What is EC 2 ? Can you scale up or scale down the EC 2 instances as per the application require - ments?

1. What is EC2? Can you scale up or scale down the EC2 instances as per the application require-ments? Can you define these instances in more than one geographical region?
2. Can you change the Private IP Address of an EC2 instance while it is running or in a stopped state?
3. What is instance store volumes in EC2?

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