Within the kinked-demand-curve model, there the firm faces: (w) a less elastic demand curve for price increases as well as a more elastic demand curve for price cuts. (x) a more elastic demand curve for price increases and a less elastic demand curve for price cuts. (y) similar demand curve for price increases and price cuts. (z) inelastic demand for all prices and quantities.
How can I solve my Economics problem? Please suggest me the correct answer.