The kinked demand curve model of oligopoly assumes the elasticity of demand ?

Question

Xaibi Aslam · Accepted Answer

in response to a price increases is more elastic than the elasticity of demand in response to a price decrease

Xaibi Aslam · Answer

in response to a price increase is less elastic than the elasticity of demand in response to a price decrease

Xaibi Aslam · Answer

is perfectly elastic if price increases and perfectly inelastic if price decreases

Xaibi Aslam · Answer

is constant regardless of whether price increase of decrease.

Question #48901