By the Late Twentieth Century,electronic Devices Had Revolutionized the Lives

question 38

Multiple Choice

By the late twentieth century,electronic devices had revolutionized the lives of individuals,but none to the degree of:

• A) personal computers.
• B) mobile phones.
• C) handheld organizers.
• D) portable CD players.
• E) iPods.

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Definitions:

Elastic Demand Curve

A representation of demand that shows a high sensitivity to changes in price, meaning quantity demanded significantly changes with small changes in price.

Price Discrimination

A strategy in pricing where the same provider sells identical or almost identical products or services for different prices across various markets or segments.

Same Good

A same good refers to an identical product or item that is available across different sellers or markets, maintaining the same characteristics and quality.

Airlines

Firms that facilitate the air conveyance of people and goods.