According to the kinked demand curve model,regardless of whether a firm increases or decreases price,its total revenues will decrease as a result of the price change.

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The kinked demand curve model suggests that firms in certain industries face a kinked demand curve, where a price increase will lead to a decrease in demand, while a price decrease will not lead to an increase in demand. As a result, firms are reluctant to change prices, as any change will likely result in a decrease in total revenue.

According to the Kinked Demand Curve Model,regardless of Whether a Firm