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:3 \"Othelmtt - Notepad Consider the relationship between monopoly pricing and the price elasticity of demand. File Edit Fonnai View Help The other choices are: Blankl: raises Blankl: decrease Blank3: sometimesJ neved If demand is inelastic. total revenue would increase when a monopolist lowers V its price. As a result, total cost would increase V . Therefore, a monopolist will always V produce a quantity:r at which the demand curve is inelastic