Suppose that a monopolist sells a product to men and women. If the firm sets a single price, the monopolist would produce 100,000 units and sell them at a price of $5.00 per unit. Suppose that at that price, the price elasticity of demand for men is-1.5, and the price elasticity of demand for women is-0.50. The monopolist is considering whether he should set discriminatory prices and asks for your advice.

Suppose the monopolistis thinking about charging men a 10% higher price. If the monopolistdoes so, the quantity demanded by men would fall by ______%. (Give your answer to one decimal)

Suppose the monopolist is thinking about charging women a 10% higher price. If the monopolistdoes so, the quantity demanded by women would fall by______ %. (Give your answer to one decimal)

Because the demand for men is relatively( LESS/MORE) elastic than it is for women, the monopolist should charge(MEN LESS, AND WOMEN MORE / MEN MORE, AND WOMEN LESS).