Frame Relay and ATM Are Losing Market Share to Internet

question 50

True/False

Frame relay and ATM are losing market share to Internet services such as FTP and Telnet.

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Definitions:

Inelastic

Describing demand or supply with little to no response to changes in price.

Quantity Demanded

The amount of a good or service that consumers are willing to purchase at a given price over a specified period.

Price Elasticity

A measure in economics of how the quantity demanded of a good or service changes in response to a change in its price.

Quantity Supplied

The amount of goods or services that producers are willing and able to sell at a specific price.