Examlex

Solved

Which of the Following Is NOT a Risk Associated with an Electronic

question 99

Multiple Choice

Which of the following is NOT a risk associated with an electronic transfer payment system?


Definitions:

Producer Surplus

The difference between the amount producers are willing to supply a good for and the actual amount they receive when the good is sold.

Producer Surplus

The gap highlighting the difference between the initial asking price by sellers for goods or services and the ultimately received price.

Specific Tax

A tax that is levied as a fixed amount per unit on a particular good or service.

Inelastic Demand

A situation where demand for a product or service is relatively unmoved or less sensitive to changes in price.

Related Questions