The Internet Is Likely To

question 4

Multiple Choice

The Internet is likely to:

• A) Decrease price elasticity of demand because transactions are numerous and quick
• B) Have no impact on price elasticity of demand because few people do business on the Internet
• C) Increase price elasticity of demand because of the availability of substitute products
• D) Decrease price elasticity of demand because of the availability of complementary products

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Definitions:

Federal Clean Air Act

A comprehensive federal law that regulates air emissions from stationary and mobile sources to control air pollution and ensure that air quality meets health-based standards.

State Law

The body of law enacted by the legislative branch of a state, governing within its borders.

Constitutional Right

A constitutional right is a right granted and protected by a country's constitution, often including freedoms such as speech, religion, and assembly.

Free Speech

The privilege of stating one's beliefs and concepts freely without concern for governmental backlash or restriction.