QUESTIONS 33 THROUGH 44 RELATE TO ECONOMICS

39. Rahul Jindal is analyzing auto industry for smaller cars. He notices that if the price of cars increases above $8,250 then the demand curve is more elastic and below that price the demand curve is less elastic. The auto industry for smaller cars is most likely following A. Stackelberg dominant firm model B. Cournot duopoly model C. Kinked demand curve model