Final answer:
The statement is true; cloud computing allows for rapid scaling of capacity to meet demand, providing flexibility and cost-saving opportunities.
Step-by-step explanation:
The statement that cloud computing affords users the ability to rapidly scale capacity up or down depending on demand is True. Cloud computing services offer flexible resources, often through a pay-as-you-go pricing model, which allows businesses and individuals to adjust their resource usage and costs based on real-time needs. For example, during a period of increased web traffic, a retailer can scale its cloud services to accommodate the surge without experiencing downtime or performance issues. Conversely, they can reduce capacity during slower periods to save on costs.