That was the case in CSS 1.0, in 2.0 and later you can group classes in a single tag.
Match when the element's "att" attribute value is a space-separated list of "words", one of which is exactly "val". If this selector is used, the words in the value must not contain spaces (since they are separated by spaces).
Working with HTML, authors may use the period (.) notation as an alternative to the ~= notation when representing the class attribute. Thus, for HTML, div.value and div[class~=value] have the same meaning.
This means that some browsers that don't understand newer CSS may have trouble with multiple classes in a single tag, but I don't know of any off the top of my head.
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Posts may use any of the Perl Monks Approved HTML tags. Currently these include the following:
<code> <a> <b> <big>
<blockquote> <br /> <dd>
<dl> <dt> <em> <font>
<h1> <h2> <h3> <h4>
<h5> <h6> <hr /> <i>
<li> <nbsp> <ol> <p>
<small> <strike> <strong>
<sub> <sup> <table>
<td> <th> <tr> <tt>
Snippets of code should be wrapped in
<code> tags not
<pre> tags. In fact, <pre>
tags should generally be avoided. If they must
be used, extreme care should be
taken to ensure that their contents do not
have long lines (<70 chars), in order to prevent
horizontal scrolling (and possible janitor
Want more info? How to link
or How to display code and escape characters
are good places to start.