Which of the Following Consists of a Worldwide Collection of Electronic

question 129

Multiple Choice

Which of the following consists of a worldwide collection of electronic documents?

• A)blogworld
• B)web
• C)Internet
• D)both b and c

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Definitions:

Perfectly Price Elastic

Describes a situation where the quantity demanded or supplied changes infinitely in response to any change in price.

Luxury Good

A high-end item that is not necessary for living but is deemed as highly desirable within a culture or society.

Baseball Cards

Collectible items featuring baseball players that are traded and collected by enthusiasts.

Price Inelastic

Describes a situation where the quantity demanded or supplied of a good or service changes by a smaller percentage than the percentage change in price.