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In a monopoly situation, the more inelastic is the demand,     Seleccione una: a. higher is going to be the equilibrium price b. lower is going to be the equilibrium price c. lower is going to be the unbalance between demand and supply d.   higher is going to be the unbalance between demand and supply

In a monopoly situation, the more inelastic is the demand,     Seleccione una: a. higher is going to be the equilibrium price b. lower is going to be the equilibrium price c. lower is going to be the unbalance between demand and supply d.   higher is going to be the unbalance between demand and supply

Economics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter24: Price-searcher Markets With High Entry Barriers
Section: Chapter Questions
Problem 6CQ
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Question

In a monopoly situation, the more inelastic is the demand,

 

 

Seleccione una:

a.

higher is going to be the equilibrium price

b.

lower is going to be the equilibrium price

c.

lower is going to be the unbalance between demand and supply

d.

 

higher is going to be the unbalance between demand and supply

 

 

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