Consider the relationship between monopoly pricing and price elasticity of demand. If demand is inelastic and a monopolist raises its price, total revenue wouldincrease and total cost wouldincrease , causing profit todecrease . Therefore, a monopolist willsometimes produce a quantity at which the demand curve is inelastic. Use the purple segment (diamond symbols) to indicate the portion of the demand curve that is inelastic.
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Mozambique is one of the poorest countries in the world. 3. Mozambique used to be called Portuguese East Africa. 4. Life expectancy in the country is very low. The average life expectancy is only 40 years. 5.ozambique is one of the poorest countries in the world. 3. Mozambique used to be called Portuguese East Africa. 4. Life expectancy in the country is very low. The average life expectancy is only 40 years. 5.