How Demand Changes When Price Changes Is Known as _____

question 8

Multiple Choice

How demand changes when price changes is known as _____.

• A) Localization
• B) Promotion
• C) Price elasticity
• D) Price adaptability

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Definitions:

Domain Name System

The decentralized naming system for computers, services, or any resource connected to the Internet or a private network, translating human-friendly domain names to IP addresses.

IP Addresses

Unique numerical labels assigned to each device connected to a computer network that uses the Internet Protocol for communication.

ICANN

The Internet Corporation for Assigned Names and Numbers, a nonprofit organization responsible for coordinating the maintenance and procedures of several databases related to the namespaces of the Internet, thereby ensuring the network's stable and secure operation.

ISPs

Internet Service Providers, companies or organizations that offer users access to the internet and related services.