The following graph shows demand and MR for a monopoly:

a. If the firm wants to sell 200 units, what price does it charge?b. If the firm charges a price of $15, how much will it sell?c. What is MR for parts a and b? Is demand elastic or inelastic?d. If the firm charges $10, how much will it sell? What is demand elasticity?

Transcribed Image Text:

20 15 10 5 MR 200 400 600 800 Quantity Price (dollars)