; Richie v My Home Courses @El' Catalog and Study Tools Rental Options to: College Success Tips Career Success Tips Help 80\"] Give Feedback 6 ng.cengage.com '2 CENGAGE l MINDTAP Module Six Quiz 7 . Monopoly and Price Elasticity Consider the relationship between monopoly pricing and the price elasticity of demand. If demand is inelastic and a monopolist raises its price, total revenue would 7 and total cost would monopolist wi|| v produce a quantity at which the demand curve is inelastic. M: ,_ At 3 U Q Search this course 0X V . Therefore, a Use the purple segment (diamond symbols) to indicate the portion of the demand curve that is inelastic. (Hint: The answer is related to the mar revenue (MR) curve.) Then use the black point (plus symbol) to show the quantity and price that maximizes total revenue (TR). Inelastic Demand - II- . Max TR _\\ CD