Emerging Digital Technologies Are Allowing Consumers to Have More Power

question 106

Multiple Choice

Emerging digital technologies are allowing consumers to have more power than ever before. This means that now customers ________.

• A) are required to buy goods and services from local vendors
• B) are limited in the time of day that they are able to buy products
• C) can locate the best prices for products or services
• D) are more limited in the range of products that they can purchase
• E) are forced to acquire used items through middlemen instead of directly from the original owner

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Definitions:

Tax Revenue

Tax revenue represents the income that a government receives from taxing individuals and businesses within its jurisdiction.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where supply equals demand in a market.

Price

Price is the amount of money expected, required, or given in payment for something.

Tax

A compulsory financial charge imposed by a government on individuals or entities to fund government spending and public expenditures.