Some Countries Block Access to Social Media Because of Fears

question 25

Essay

Some countries block access to social media because of fears that opposition to the government will be coordinated through social media platforms. What effect would blocking social media have on economic growth in these countries, all other things being equal?

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Definitions:

Perfectly Elastic

A situation in economic theory where the quantity demanded or supplied responds infinitely to changes in price.

Perfectly Inelastic

A situation in which the demand for a good or service does not change in response to changes in price.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with higher elasticity indicating greater responsiveness.

Degree of Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, providing insight into the good's price sensitivity.