The Internet and Price Flexibility. The Internet enables consumers to search for the lowest prices of various goods, such as e-books, smartphones, and airline tickets. Prices for these goods are...

The Internet and Price Flexibility. The Internet enables consumers to search for the lowest prices of various goods, such as e-books, smartphones, and airline tickets. Prices for these goods are likely to become more flexible as consumers shop around quickly and easily on the Internet. What types of goods and services do you think may not become more flexible because of the Internet? Give an example of a good or service for which you have searched the Internet for price information and one for which you have not. (Related to Application 1 on page 214.)