A(n) _____________________ Differs from a Normal Cell Phone in That

question 75

Short Answer

A(n) _____________________ differs from a normal cell phone in that it has an operating system and local storage, so users can add and store data, send and receive email, and install programs to the phone as they could with a PDA.

---

Definitions:

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in a stable market condition.

Price Ceiling

A legal maximum price that can be charged for a good or service, intended to protect consumers from high prices.

Price Ceiling

A legal maximum price that can be charged for a good or service, typically set by government.

Market for Apartments

The economic interaction of supply and demand determining the rental prices and availability of apartment units.