Question
According to the kinked demand curve model, if a firm
raises its price, competitors are likely to:Solution
Solution: The kinked demand curve model suggests that an oligopoly firm faces: · Elastic demand for price increases (rivals don’t follow, firm loses many customers). · Inelastic demand for price cuts (rivals match price cuts, firm gains few customers). Hence, firms avoid raising prices, leading to price rigidity.
Which one of the following is “Macaroni Wheat”?Â
If germination per cent of seed sample is 90, purity 80% what is real value:
Among below given statements, only one statement is correct. Select the correct statement.
In the composition of soil on volume basis soil water and soil air comprises 50%. What is the percent of mineral matter?
Which one of the following is a cold-blooded animal?
A car when passes through a convex bridge exerts a force on it which is equal to-
Central Institute of Cotton Research is situated in
Rasping and sucking type of Mouth Parts is present in:
Which type of microorganism is the causative agent of coccidiosis, a disease that leads to symptoms like diarrhea, unthriftiness, or even death in fowl?...
Highly Salt tolerant crop isÂ
