Draw arrows on the below graph to indicate the demand curve, marginal revenue, and marginal cost curve changes, and identify the quantity of output the monopoly wishes to supply and the price it will charge. Suppose demand for the monopoly's product increases dramatically. . What happens to the marginal revenue as a result of the increase in demand? . What happens to the marginal cost curve? . Identify the new profit-maximizing quantity and price.| . Does the answer make sense to you? 3,000 2,500 Marginal cost 2,000 1,500 Total profit Dollars ($) 1,000 Average cost 500 Demand 0 Marginal revenue -200 2 3 4 5 6 7 8 9 Quantity