Examlex
"As fewer people buy computers,the demand for Internet service will decrease and the price of Internet service will increase.The rise in the price of Internet service will increase the supply of Internet service." This statement is ________ because ________.
Acquire
To obtain ownership of something, such as a company purchasing another company or an individual acquiring an asset.
Self-Interest
The pursuit of personal gain or advantage, which is a fundamental economic assumption about human behavior.
Welfare
Welfare denotes governmental support aimed at ensuring the basic physical and material well-being of people, particularly those in need.
Complete Knowledge
Refers to a hypothetical situation where all participants in a market have full and perfect information about products, prices, and other market conditions.
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