If a Demand Curve for a Good Were Completely Vertical

question 144

Multiple Choice

If a demand curve for a good were completely vertical, it would be considered

• A) perfectly elastic.
• B) perfectly inelastic.
• C) of unitary elasticity.
• D) relatively inelastic.

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Definitions:

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.

Nomothetic Approach

A research approach that seeks general laws and principles through the study of groups of people.

Continuum

A continuous sequence in which adjacent elements are not perceptibly different from each other, but the extremes are quite distinct.

Cardinal Trait

A dominant personality trait that defines a person's actions, attitudes, and behaviors consistently across different situations.