The Elasticity Rule for Monopoly Pricing states that a monopolist should never price a commodity on the portion of the demand curve, which is

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The Elasticity Rule for Monopoly Pricing suggests that a monopolist should avoid pricing on the inelastic portion of the demand curve because at this point, the percentage change in quantity demanded is less than the percentage change in price, meaning total revenue decreases as price increases.

The Elasticity Rule for Monopoly Pricing States That a Monopolist