document.write( "Question 665790: 3. Assume an oligopolist confronts two possible demand curves for its own output, as illustrated below. \n" );
document.write( "The first ( A ) prevails if other oligopolists don’t match price changes. The second ( B ) prevails if rivals do match price changes. \n" );
document.write( "(a) By how much does quantity demanded increase if price is reduced from $11 to $9 and \n" );
document.write( " (i) Rivals match price cut? \n" );
document.write( " (ii) Rivals don’t match price cut? \n" );
document.write( "(b) By how much does quantity demanded change when price is raised from $11 to $13 and \n" );
document.write( " (i) Rivals match price hike? 2 Units \n" );
document.write( " (ii) Rivals don’t match price hike? 0 Units \n" );
document.write( " \n" );
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