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Explain clearly The following graph shows demand and MR for a monopoly: 20 15 Price (dollars) 10 MR D 0 200 400 600 800 Quantity

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The following graph shows demand and MR for a monopoly: 20 15 Price (dollars) 10 MR D 0 200 400 600 800 Quantity a. If the firm wants to sell 200 units, what price does it charge? b. If the firm charges a price of $15, how much will it sell? c. What is MR for parts a and ? Is demand elastic or inelastic? d. If the firm charges $10, how much will it sell? What is demand elasticity

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