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The kinked demand curve model of oligopoly assumes thata)response to a price increase is less than the response to a price decrease.b)response to a price increase is more than the response to a price decrease.c)elasticity of demand is constant regardless of whether price increases or decreases.d)elasticity of demand is perfectly elastic if price increases and perfectly inelastic if price decreases.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The kinked demand curve model of oligopoly assumes thata)response to a price increase is less than the response to a price decrease.b)response to a price increase is more than the response to a price decrease.c)elasticity of demand is constant regardless of whether price increases or decreases.d)elasticity of demand is perfectly elastic if price increases and perfectly inelastic if price decreases.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The kinked demand curve model of oligopoly assumes thata)response to a price increase is less than the response to a price decrease.b)response to a price increase is more than the response to a price decrease.c)elasticity of demand is constant regardless of whether price increases or decreases.d)elasticity of demand is perfectly elastic if price increases and perfectly inelastic if price decreases.Correct answer is option 'A'. Can you explain this answer?.

Solutions for The kinked demand curve model of oligopoly assumes thata)response to a price increase is less than the response to a price decrease.b)response to a price increase is more than the response to a price decrease.c)elasticity of demand is constant regardless of whether price increases or decreases.d)elasticity of demand is perfectly elastic if price increases and perfectly inelastic if price decreases.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

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