Along the elastic range of a demand curve, a decrease in price causes:

A variable that responds to a change in another variable is called a(n) _______ variable.

A) independent B) dependent C) theoretical D) all of the above are true

Monopolies charge

a. the highest possible price b. a price determined by cost c. the price consistent with the output level where total revenue equals total cost d. the price associated with the quantity at which marginal revenue equals marginal cost e. the price at which total revenue equals average total cost