The Internet Is

question 196

Multiple Choice

The Internet is

• A) a computerized phone book.
• B) a computerized address book for businesses in the United States.
• C) a worldwide network of computers linked together through telecommunications.
• D) inaccessible unless you are a business owner or government employee.
• E) a new version of an electronic game.

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Definitions:

Linear Demand

A type of demand where there is a constant relationship between the quantity demanded and price, represented by a straight line on a graph.

Price Inelastic

A situation in which the demand for a good does not change significantly in response to a change in price, indicating that consumers are less sensitive to price changes.

Linear

A term used to describe something that forms a straight line or a process that proceeds in steps of equal increments.

Downward-Sloping

A term often used to describe a curve or line on a graph that decreases from left to right, indicating a negative relationship between two variables.