Blogs,Twitter,Facebook,and a Host of Other News and Social-Media Sites Have

question 34

Essay

Blogs,Twitter,Facebook,and a host of other news and social-media sites have allowed average citizens to become newsmakers.Is this a good or bad thing? Is the increase in citizen journalism leading to inaccuracies in reporting? Or can we trust that Americans will "consider the source" and verify any questionable information they read on a blog?

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Definitions:

Quantity Demanded

The amount of a good or service that consumers are willing and able to buy at a specific price.

Surplus

The situation in which the quantity of goods or services supplied exceeds the quantity demanded at the current price.

Quantity Supplied

the amount of a good or service that producers are willing and able to sell at a given price over a specific period.

Quantity Demanded

The aggregate sum of a product or service that buyers are prepared to buy at a determined price point, at a certain moment.