If a Monopolist Lowers Its Price and Its Demand Is

question 457

Multiple Choice

If a monopolist lowers its price and its demand is inelastic, then its

• A) total revenue increases.
• B) total revenue decreases.
• C) total revenue does not change.
• D) total revenue is negative.

---

Definitions:

Binuclear

Describes a family structure that spans two households, especially after separation or divorce, where children are members of both parents' homes.

Blended

Refers to families formed from previous relationships, involving step-siblings and/or step-parents, blending individuals from different families into one unit.

Extended

Prolonged or continued beyond the usual or expected duration.

Perverse Triangle

Coalition of two members ganging up against another, such as a parent siding with children against the other parent; unhealthy coalition.