For a linear demand curve,when the monopolist operates in the ________ region of the demand curve,it can increase total revenue by __________ price.

Question

Quizplus · Accepted Answer

When the monopolist operates in the inelastic region of the demand curve, a raise in price will result in a proportionally smaller decrease in quantity demanded, leading to an increase in total revenue. In contrast, lowering the price in the inelastic region would result in a proportionally smaller increase in quantity demanded, resulting in a decrease in total revenue.

For a Linear Demand Curve,when the Monopolist Operates in the ________