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Which of the Following Is Not Considered a Core Driver

question 184

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Which of the following is not considered a core driver of the information age?


Definitions:

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity demanded, hence, the market is in balance.

Market Price

The ongoing rate at which an asset or service is being offered for buying or selling.

Shortage

An instance where the desire for a good or service outstrips its availability at a given price.

Price Floor

A government or regulatory imposed minimum price set above the equilibrium price, preventing market prices from falling below a certain level.

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