Before Toll-Free Telephone Numbers and the Internet Were Used as Commercial

question 58

Multiple Choice

Before toll-free telephone numbers and the Internet were used as commercial tools,fliers usually purchased airline tickets from travel agents.Travel agents no longer receive a commission from the airlines for selling tickets to consumers.This is an example of:

• A) reintermediation
• B) disassociation
• C) disintermediation
• D) discrimination
• E) transference

Understand the effects of price controls on market surplus.

Recognize the impact of external changes (such as technology and income changes) on market equilibrium.

Comprehend the relationship between willingness to pay, costs, and surplus.

Understand the concept of substitutes and complements in consumption and their impact on surplus.

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Definitions:

Transgendered

Referring to individuals whose gender identity or gender expression differs from the sex they were assigned at birth.

Androgynous

Possessing or showing a mix of traditional male and female traits, roles, or identities.

Sex Reassignment Procedures

Medical treatments and surgical interventions carried out to alter a person's physical sex to match their gender identity.

Gender

The range of characteristics pertaining to, and differentiating between, masculinity and femininity, including social roles, behaviors, and identities.