Which of the Following Is Not a Unique Feature of E-Commerce

question 59

Multiple Choice

Which of the following is not a unique feature of e-commerce technology?

• A) interactivity
• B) social technology
• C) information asymmetry
• D) richness

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Definitions:

Price-Elasticity-Of-Demand

A measure of how much the quantity demanded of a good responds to a change in its price, with elasticity greater than one indicating that demand is responsive to price.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price in a specified period.

Price Elasticity

A measure of how much the quantity demanded or supplied of a good responds to a change in its price, indicating the sensitivity of consumers or producers to price changes.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing and able to purchase at various prices.