Kinked Demand Curve?


A kinked demand curve refers to a curve which has two distinct segments that have different elasticities joining, so as to form a corner or kink. The curve is used to explain price rigidity in oligopoly.
Q&A Related to "Kinked Demand Curve?"
Paw m. Swiji.
The quantity demanded of a good is the amount a market wants to purchase of a good at a certain price. There is an inverse relationship between price and quantity demanded. A price
When the aggregate demand curve shifts to the left, the total quantity
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