Which of the Following Is True About the Kink in the Demand

question 96

Multiple Choice

Which of the following is true about the kink in the demand curve?

• A)It is the result of different rival responses to price increases and reductions.
• B)It leads to an explanation of price flexibility.
• C)It occurs because rivals do not respond to price reductions.
• D)It occurs because rivals match price increases.

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