In Figure 29.1, the area that represents the value to the consumer under monopoly is

The monetary multiplier is 3 and the change in the monetary base is $100,000. How much will the quantity of money increase?

A) $300,000 B) $200,000 C) $100,000 D) $70,000 E) $33,333

A price-discriminating monopolist will tend to charge a lower price to students if it believes that students: a. have a lower willingness to pay than other demanders. b. have a greater willingness to pay than other demanders. c. have very elastic demand curves

d. have nearly vertical demand curves.