Now assume that A $=0,$ B $=1,$ X $=97,$ and Z $=-1.$ In other words, Demand is given by Q$($P$)=97$ P and Total Costs are given by TC $=16+$ Q$.$

$10.$ If the monopolist increases price by $$1,$ by how much does demand decrease?

A$)$ None B$)$ dQ $=-0\mathrm{.}5$

C$)$ dQ $=-1$ D$)$ dQ $=1$

$11.$ What price will the firm charge? Remember: Firms maximize profits.

A$)$ P $=24$ B$)$ P $=49$

C$)$ P $=73$ D$)$ P $=65$

$12.$ What is the quantity sold in this case?

A$)$ Q $=97$ B$)$ Q $=24$ C$)$ Q $=32$ D$)$ Q $=48$

$13.$ What are the monopolist$$s profits?

A$)$ Profit $=2288$ B$)$ Profit $=1152$

C$)$ Profit $=1136$ D$)$ Profit $=1728$