One Potential Problem with Cryptocurrency Is

question 40

Multiple Choice

One potential problem with cryptocurrency is

• A)the value of Bitcoin are too stable in terms of locally purchased goods and services.
• B)the value of cryptocurrencies are not controlled by any government's central bank.
• C)stores and seller accepting cryptocurrency are charged a very high transaction fee.
• D)Cryptocurrency exchanges are more subject to hacking than other systems have been.
• E)cryptocurrencies are difficult to transport from place to place.

---

Definitions:

Demand for Nike Shoes

The consumer desire and willingness to purchase Nike brand footwear, influenced by factors like price, quality, and brand loyalty.

More Elastic

Describes a situation where the demand for a product or service is more sensitive to changes in price, meaning consumers are more likely to increase or decrease their quantity demanded in response to price changes.

Shoes in General

Footwear items designed to protect and provide comfort to human feet while offering varying degrees of style and fashion.

Own-price Elasticity

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