Which of the Following Statements Regarding Online Consumers Is Most

question 103

Multiple Choice

Which of the following statements regarding online consumers is most accurate?

• A) With the exception of the setting used to make the exchange (online versus retail store), the profile of an online customer is almost identical to the traditional shopper.
• B) Although online shopping and buying is popular, a small percentage of online consumers still account for a disproportionate share of online retail sales in the United States.
• C) The group most likely to use the Internet to make purchases is comprised of educated males between the ages of 25 and 39.
• D) Although growing in total sales revenues, the percentage of online sales is beginning to decline due to privacy concerns and the passage of a national Internet sales tax.
• E) Many people are put off by the difficulty in navigating so many new websites.

---

Definitions:

Marginal Expenditure Curve

A graph that shows the additional cost of purchasing one more unit of a good or service.

Labor Supply Curve

The graphical representation of the relationship between different levels of wage and the quantity of labor willing to be supplied.

Monopsony

A market situation where there is only one buyer facing many sellers.

Economic Rent

Earnings exceeding the minimum amount required to keep a factor of production in its current use.