Price elasticity of demand Flashcards

1
Q

Perfect Competition

A

Perfectly elastic

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Monopolistic Competition

A

Highly elastic

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Oligopoly

A

kinked demand

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Pure Monopoly

A

inelastic

How well did you know this?
1
Not at all
2
3
4
5
Perfectly