If a monopolist raises its price:________
a) the quantity demanded decreases.
b) it raises the barriers to entry.
c) the quantity demanded increases.
d) the quantity demanded remains the same.

A monopolist creates a monopoly in the market as the firm is a sole producer for the entire market due to which it charges high prices plus it is a price taker that means it offers cheap quality products at a lesser price

But if monopolist increased its price so the quantity demanded declines as the purchasing power reduced

Therefore option a is correct

If a monopolist raises its price:________ a) the quantity demanded decreases. b) it raises the barriers to entry. c) the quantity demanded increases. d) the quantity demanded remains the same.

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If a monopolist raises its price:________
a) the quantity demanded decreases.
b) it raises the barriers to entry.
c) the quantity demanded increases.
d) the quantity demanded remains the same.