Radio Frequency Identification (RFID) Technology Uses Electronic Waves to Transfer

question 5

True/False

Radio Frequency Identification (RFID) technology uses electronic waves to transfer data between a reader and device and an item such as a smart card or mobile phone.

---

Definitions:

Time Horizon

The length of time over which an investment, project, or policy is intended or expected to operate or have an impact.

Demand Curve

A demand curve is a graphical representation that shows the relationship between the price of a good and the quantity demanded by consumers over a certain period.

Law of Supply

An economic principle stating that as the price of a good or service increases, the quantity supplied of that good or service also increases, all else being equal.

Price-Elasticity

A measure of the responsiveness of demand or supply of a good or service to changes in its price.