Use the Table Below to Answer the Following Question

question 72

Multiple Choice

Use the table below to answer the following question.
Table 12.2.1

-Refer to Table 12.2.1.Minnie's Mineral Springs,a single-price monopoly,faces the market demand schedule given in the table.Minnie will not produce a quantity at which the market demand for water is inelastic because when demand is inelastic she can ________ the quantity produced,which ________.

• A)increase;increases total revenue,decreases total cost,and increases economic profit
• B)increase;increases total revenue and increases total cost,but the increase in total cost is less than the increase in total revenue
• C)decrease;increases total revenue,decreases total cost,and increases economic profit
• D)decrease;decreases total revenue and decreases total cost,but the decrease in total cost is less than the decrease in total revenue
• E)decrease;increases total revenue,does not change total cost,and increases economic profit

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