If the demand shifts,then for a profit maximizing monopolist,
A)price will change while quantity will remain constant.
B)price will change and quantity will change.
C)Both A and B.
D)Neither A nor B.

Name: If the demand shifts,then for a profit maximizing monopolist, A)price will change while quantity will remain constant. B)price will change and quantity will change. C)Both A and B. D)Neither A nor B.
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Question

Quizplus · Accepted Answer

A profit-maximizing monopolist will adjust both price and quantity in response to a demand shift.

If the Demand Shifts,then for a Profit Maximizing Monopolist