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14 Nov 2018
In a kinked-demand curve model, the demand curve at prices greater than the kink is _________________, but the curve below the kink is____________.
a. inelastic; elastic
b. elastic; inelastic
c. elastic; elastic
d. elastic, perfectly inelastic
In a kinked-demand curve model, the demand curve at prices greater than the kink is _________________, but the curve below the kink is____________.
a. inelastic; elastic
b. elastic; inelastic
c. elastic; elastic
d. elastic, perfectly inelastic
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