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°.
The climate of Allentown, Pennsylvania is classified as being in the transition between a humid continental and humid subtropical climate, although lying closer to the former. Allentown's warmest month is July with a daily average temperature of 73.4 Â°F and the coldest month being January with a daily average of 27.8 Â°F. The average precipitation of Allentown is 45.35 inches per year. Allentown occasionally has some severe weather, mostly thunderstorms and flooding. Winters can bring snow ...