Teaching PowerPoints
4.1.5.5 Oligopoly - Kinked Demand Curve (AQA A Level Economics Teaching Powerpoint)
- Level:
- A-Level
- Board:
- AQA
Last updated 13 Sept 2023
This editable and downloadable PowerPoint covers the economics of the Kinked Demand Curve
The kinked demand curve is used to describe the demand curve for firms in an oligopoly. It's different from the standard downward-sloping demand curve because in an oligopoly, firms can't raise prices without losing a lot of business to their competitors. This "stickiness" in price changes is what causes the kinked demand curve.
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