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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Independence: 25 June 1975 (from Portugal). Constitution: 30 November 1990. Geography: Location: South-eastern coast of Africa, bordering the Mozambique Channel in the Indian Ocean in west. Area: 801,590 kmÂ² (309,495 sq. mi.) Terrain: Varies from coastal lowlands to high plateau in northwest, mountains in west. Climate: Varies from sub-tropical to tropical (south to north).