Perfectly Elastic Demand Is BEST Represented by A(n)

question 110

Multiple Choice

Perfectly elastic demand is BEST represented by a(n)

• A) vertical demand curve.
• B) downward-sloping demand curve.
• C) horizontal demand curve.
• D) upward-sloping demand curve.

---

Definitions:

Off-Price Retailers

Retail stores that sell branded goods at lower prices than those typically charged by department stores or other conventional retailers, often merchandise that is in excess or from previous seasons.

Warehouse Clubs

Membership-based retail stores offering a wide variety of merchandise, often in bulk, at discounted prices.

Factory Outlets

Retail stores owned by manufacturers that sell goods directly to consumers, often at discounted prices.

Single-Price

A pricing strategy where a product or service is sold at one fixed price to all customers.