Solved

In the Kinked Demand Curve Model,the Demand Curve Is ________

Question 2

Multiple Choice

In the kinked demand curve model,the demand curve is ________ for price increases and ________ for price decreases.


A) unit elastic; relatively elastic
B) relatively inelastic; relatively elastic
C) relatively elastic; relatively inelastic
D) perfectly elastic; perfectly inelastic

Correct Answer:

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