A Publicly Accessible Web Page That Functions as an Interactive

question 61

Multiple Choice

A publicly accessible Web page that functions as an interactive journal is called a(n) :

• A) blog
• B) profile
• C) tweet
• D) electronic diary
• E) status page

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Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price.

Own Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that same good, reflecting consumers' sensitivity to price changes.

First Law of Demand

The principle that there is an inverse relationship between the price of a good and the quantity demanded, all else being equal.

Quantity Demanded

The amount of a product that consumers are willing and able to purchase at a given price.