The Region of Demand in Which the Monopolist Will Choose

Multiple Choice

The region of demand in which the monopolist will choose a price-output combination will be

A) inelastic because, as price declines and output increases, total revenue will increase.
B) inelastic because, as price declines and output increases, total revenue will decrease.
C) elastic because, as price declines and output increases, total revenue will decrease.
D) elastic because, as price declines and output increases, total revenue will increase.