Advertisements
Advertisements
प्रश्न
In Sweezy's model, why is demand elastic above the kink price?
पर्याय
Rivals match price increases
Rivals do not follow price hikes
Products are not substitutes
Costs always rise
MCQ
Advertisements
उत्तर
Rivals do not follow price hikes
Explanation:
Rivals ignore price hikes, causing a large sales drop for the firm.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
