If a Demand Curve for a Good Were Completely Vertical

question 78

Multiple Choice

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

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

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Definitions:

Fastest Shopping Experience

A retail or e-commerce strategy aimed at minimizing the time customers spend from entering the store or website to completing their purchase.

Amazon.com

A leading online retail platform operated by Amazon, offering a wide range of products from books and electronics to clothing and groceries.

Internet

A global system of interconnected computer networks that use the TCP/IP protocol to communicate between networks and devices.

Reverse Logistics

The process of moving goods from their final destination for the purpose of return, repair, remanufacture, recycling or disposal.