If the Demand Curve for a Product Is Vertical, Then

question 51

Multiple Choice

If the demand curve for a product is vertical, then

• A) the demand for the product is elastic.
• B) the demand for the product is perfectly elastic.
• C) only a certain amount of the product will be consumed regardless of price.
• D) the price elasticity of the product approaches zero.

---

Definitions:

Organization Design

The process of structuring and arranging the components of a company or organization to achieve its objectives efficiently and effectively.

Traditional Forms

Conventional or long-established methods, practices, or art forms that are passed down through generations.

Evolution Circumstances

Factors or conditions that influence the adaptive changes and development of organisms, systems, or processes over time.

Network Design

The planning and structuring of a network, including the selection of hardware and software to meet the requirements and objectives of an organization.