Pest 0312 7 . Monopoly and Price Elasticity Consider the relationship between theway serving and the price ssticky of demand It dernand is inelastic, total revenue would increase when a monopolist its price, As a result, total cost wo produce s quantity at which the demand curve is inclassic Use the purple segment (diamond sprites) to indicate the portion of the demand curve that is inelastic. (Hint. The answer revenue (10 ) curve ) The use the black paint (plus symbol) to show the quantity and price that maximizes total revenue (TR) Demand Grade It Now Save & Continue without saving