If a monopoly faces an inelastic demand curve, increasing the price is exactly what it can do. If the price of a good with inelastic demand is increased, then total revenue and profit also increase. Today the price is $1. Tomorrow the price is $2, and profit increases. The next day the price is $3, and profit increases again. When prices rise so too does profit.
Morgantown, WV - Weather forecast from Theweather.com. Weather conditions with updates on temperature, humidity, wind speed, snow, pressure, etc. for Morgantown, West Virginia Today: Cloudy skies with snow, with a maximum temperature of 37Â° and a minimum temperature of 16Â°.
Downingtown 1 â 3 Day Weather Forecast Summary: Some drizzle, heaviest during Sun night. Warm (max 25Â°C on Sun afternoon, min 6Â°C on Fri night). Winds decreasing (fresh winds from the SSE on Fri night, light winds from the WSW by Sun night).