In the 'kinked-demand' curve model, the upper portion of the demand curve is:

CA Foundation · Business Economics · MTP · June 2024
In the 'kinked-demand' curve model, the upper portion of the demand curve is:
(A) A. Elastic
(B) B. Inelastic
(C) C. Perfectly Elastic
(D) D. Unitary Elastic

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Elastic

Topics: Nature & Scope of Business Economics

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