The Remedy for Misrepresentation and Fraud on the Internet Is

question 14

True/False

The remedy for misrepresentation and fraud on the Internet is the same as the remedy for misrepresentation and fraud committed on paper.

---

Definitions:

Equilibrium Price

The price at which the quantity of a good supplied equals the quantity of the good demanded.

Equilibrium Quantity

The quantity of goods supplied is equal to the quantity of goods demanded at the market price.

Demand Shifts

Changes in the demand curve due to factors other than the price of the good, such as changes in income, tastes, or prices of related goods.

Quantity Demanded

The total amount of a good that consumers are willing and able to purchase at a specific price in a given period.