The Kinked Demand Curve Is Based on the Idea That

question 41

Multiple Choice

The kinked demand curve is based on the idea that

• A)you will follow my price increase but not my price cut.
• B)you will follow my price cut but not my price increase.
• C)you will follow all price changes I might initiate.
• D)you will not follow my behavior at all.

---

Definitions:

Self-concept

The collection of beliefs about oneself, including attributes, roles, goals, and competencies.

Personality Disorder

A type of mental disorder characterized by a rigid and unhealthy pattern of thinking, functioning, and behaving.

Schizotypal Personality Disorder

A disorder characterized by severe social and interpersonal deficits, peculiar thoughts or behavior, and unconventional beliefs.

Oddities

Deviations from the normal or common order, form, or rule; unusual or peculiar phenomena or behaviors.