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ludmilkaskok [199]
3 years ago
14

The kinked demand curve model assumes that if a firm raises its price, then its rivals will _____ the price increase, but if a f

irm lowers its price, its rivals will _____ the price decrease.
Mathematics
1 answer:
Anni [7]3 years ago
7 0

Answer:

idk

Step-by-step explanation:

idk

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Step-by-step explanation:

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Now to do this, we need to get the amount of profit she made. That's quite easy, we only need to subtract the cost price from the selling price. And that equals $15 - $9.38 that equals $5.62.

Now, we divide this value by the cost price and multiply by 100% to get the percentage gain.

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