Examlex
Microsoft filed a lawsuit against people who sent spam (junk email) and a website owner who hosted spam services. A spokesman for Microsoft said that Microsoft was "trying to change the economics of spam" by increasing the cost of being a spammer. An economist most likely would agree with which statement about Microsoft's actions?
Price Elasticity
An indicator of the sensitivity of demand for a product to variations in its price, represented as a percentual change.
Small Percentage
A quantitatively minor proportion or fraction of a total amount, often implying a negligible or minor impact.
Cross-Price Elasticity
An indicator of the variance in the demand for a specific item as a result of fluctuations in the cost of a different product.
Chipotle Burritos
A type of Mexican-inspired dish offered by the Chipotle fast-food chain, consisting of a flour tortilla filled with various ingredients such as meat, beans, rice, vegetables, and sauces.
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