The Kinked Demand Curve: Econ Concepts in 60 Seconds

My 60 second explanation of non-colluding oligopolies and the kinked demand curve model. Remember that if you raise your price your demand will be elastic and if you lower your price demand will be inelastic. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class.

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• #ap
• #econ
• #microeconomics
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• #demand
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• #competition
• #oligopolies