The kinked demand curve comes into being where:

A. Proportional demand curve (PDC) and individual demand curve (IDC) intersect each other

B. Proportional demand curve (PDC) and individual demand curve (IDC) are parallel to each other

C. Proportional demand curve (PDC) and individual demand curve (IDC) repel each other

D. None of the above

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  1. Income-elasticity of demand is expressed as:
  2. If the commodity is inferior then Income Effect (I.E) is:
  3. The marginal revenue of a perfectly competitive firm is:
  4. The slope of the iso-cost line (budget line) is determined by:
  5. The demand of the necessities is:
  6. Perfect competition assumes:
  7. By scarcity the economist means that all goods are scarce relative the peoples:
  8. The production function of homogeneous of degree one (n=1) is also called:
  9. In market sharing cartel model, cartel determines the shares of:
  10. Equilibrium of a discriminating monopolist requires the fulfillment of which one of the following conditions?
  11. The coefficient of the price elasticity of demand is computed as the absolute value of the percentage…
  12. If Marginal Utility (MU) is zero, then total utility is:
  13. When the slope of a demand curve is infinite (also known as horizontal demand curve) then elasticity…
  14. Economics is a:
  15. The number of sellers in oligopoly are:
  16. The reserve capacity in administration is advocated on the ground that demand for a product will:
  17. Selling costs are incurred under monopolistic competition to:
  18. Which of the following goods is most likely to be exchanged in a market of local rather than national…
  19. In case of budget line, we get pairs of two goods where consumers income is:
  20. Substitution effect means a consumer
  21. An economic theory is :
  22. The shape of the TC curve is:
  23. If the demand for good is less elastic and government levied a tax per unit of output, the price per…
  24. In monopoly, new firms:
  25. If we measure the elasticity of demand with the help of the average and marginal revenue, the formula…
  26. As the price of diamond is higher, so it has:
  27. Change in demand (rise and fall of demand) is:
  28. At a point where a straight line demand curve meets the price axis (Y-axis), the elasticity of demand…
  29. Nash equilibrium says:
  30. Total variable cost curve: