The Demand Curve Will Be Kinked If Rival Oligopolists

question 33

Multiple Choice

The demand curve will be kinked if rival oligopolists

• A)Match price increases but not price reductions.
• B)Match price reductions but not price increases.
• C)Match both price increase and price reductions.
• D)Do not match price changes at all.

---

Definitions:

Economic Conditions

The state of the economy at a given time, including factors like unemployment rates, inflation levels, and gross domestic product (GDP).

Suicide Rates

indicate the number of suicides occurring within a given population and time frame, often per 100,000 individuals annually.

Biological Predispositions

The inherent tendencies or propensities individuals have towards certain behavior or diseases due to their genetic make-up.

Society Responds

The collective reactions or adaptations of a community or society to events, trends, or challenges.