A Monopoly Responds to a Decrease in Demand by _______

question 142

Multiple Choice

A monopoly responds to a decrease in demand by _______ price and _______ output.

• A) increasing; decreasing
• B) increasing; increasing
• C) decreasing, increasing
• D) decreasing; decreasing

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Definitions:

Sometimes

Occurring occasionally or at irregular intervals; not consistently or regularly.

Somewhere

An unspecified or indefinite place.

Antidisestablishmentarianism

The political stance against the withdrawal of state support from an established church, notably used in historical contexts such as 19th-century Britain.

Obscure

Not well-known, difficult to understand or see, often due to lack of clarity or brightness.