If the monopolist charges a high price,he will sell:
A) as many as he supplies to the market at that price.
B) more than demanders want to buy at that price.
C) less than if he were to charge a lower price.
D) more than if he were to charge a lower price.

Question

Quizplus · Accepted Answer

If the monopolist charges a high price, the demand for the product will decrease, leading to a lesser quantity being sold than if he were to charge a lower price. This is because some consumers will be discouraged from buying the product at the high price, leading to a decrease in the quantity demanded.

If the Monopolist Charges a High Price,he Will Sell