When the Prices of Postage Stamps Rise, the Demand for Internet

question 121

Multiple Choice

When the prices of postage stamps rise, the demand for Internet service increases, ceteris paribus.Postage stamps and Internet service are therefore

• A) Elastic.
• B) Inelastic.
• C) Complements.
• D) Substitutes.

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Definitions:

Criminal Case

A legal proceeding in which a person accused of committing a crime is tried in a court, with the government acting as the plaintiff.

Fourteenth Amendment

A constitutional amendment granting citizenship, equal protection under the law, and due process to all persons born or naturalized in the United States.

Bill Of Rights

A formal declaration of the fundamental rights and privileges guaranteed to the citizens by a state or nation, typically within its constitution.

State Interference

Actions or policies by a state government that affect or intrude upon certain areas, often in reference to federal matters or individual rights.