The kinked demand curve model of oligopoly assumes the elasticity of demand ?

Question

TuteeHUB · Accepted Answer

NA

TuteeHUB · Answer

in response to a price increase is less elastic than the elasticity of demand in response to a price decrease

TuteeHUB · Answer

is perfectly elastic if price increases and perfectly inelastic if price decreases

TuteeHUB · Answer

is constant regardless of whether price increase of decrease.

TuteeHUB · Answer

in response to a price increases is more elastic than the elasticity of demand in response to a price decrease

1.	The kinked demand curve model of oligopoly assumes the elasticity of demand ?
A.	in response to a price increase is less elastic than the elasticity of demand in response to a price decrease
B.	is perfectly elastic if price increases and perfectly inelastic if price decreases
C.	is constant regardless of whether price increase of decrease.
D.	in response to a price increases is more elastic than the elasticity of demand in response to a price decrease
Answer» E.

Discussion