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The upper portion of the kinked demand curve is relatively |
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Answer» More elastic The UPPER portion of the kinked demand curve is relatively more elastic. The kinked-demand curve is a demand curve comprised of two segments, ONE that is relatively more elastic, which results if a FIRM increases its price, and the other that is relatively less elastic, which results if a firm DECREASES its price. These two segments are JOINED at a corner or "kink." |
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