If consumer demand for a good produced by a monopoly increases, will the monopolist charge higher, lower, or the same price? Hint: to answer this question, please draw several different cases (for example, try increasing, decreasing, or constant marginal cost case). One example is given below. The monopolist will ' always charge higher price ' always charge lower price always charge the same price ' can charge higher, lower, or the same price; it depends, in particular, on the monopolist's cost function