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7 . Monopoly and Price Elasticity :3 *Othemtt - Notepad Consider the relationship between monopolyr pricing and the price elasticity of demand. File Edit Puma: View Help The other choices are: Blankl: smaller BlankZ: decrease Blank3: neveri, always If demand is inelastic and a monopolist raises its price, quantity:r would fall by a larger V percentage than the rise in price, causing prot to increase V . Therefore, a monopolist will sometimes V produce a quantity.r at which the demand curve is elastic