As a monopolist's demand curve becomes more inelastic,:

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When the demand curve is more inelastic, it means that consumers are less sensitive to changes in price. As a result, the monopolist can raise the price without losing too many customers, leading to a higher profit-maximizing price. When the monopolist's demand curve becomes more inelastic, it means that consumers are less responsive to changes in price. Thus, the monopolist has more market power and can increase the price without losing a significant amount of customers. As a result, the profit-maximizing price goes up.

As a Monopolist's Demand Curve Becomes More Inelastic