Question: 11.14. A monopolist faces the demand function P ! 100 Q # I, where I is average consumer income in the monopolists market. Suppose

11.14. A monopolist faces the demand function P !

100 " Q # I, where I is average consumer income in the monopolist’s market. Suppose we know that the monopolist’s marginal cost function is not downward sloping. If consumer income goes up, will the monopolist charge a higher price, a lower price, or the same price?

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