If a monopoly faces an inelastic demand curve, increasing the price is exactly what it can do. If the price of a good with inelastic demand is increased, then total revenue and profit also increase. Today the price is $1. Tomorrow the price is $2, and profit increases. The next day the price is $3, and profit increases again. When prices rise so too does profit.
Morgantown, WV - Weather forecast from Theweather.com. Weather conditions with updates on temperature, humidity, wind speed, snow, pressure, etc. for Morgantown, West Virginia Today: Cloudy skies with snow, with a maximum temperature of 37Â° and a minimum temperature of 16Â°.
Population of Morgantown, WV. Last official estimated population of Morgantown city (Monongalia County**, West Virginia state) was 31,073 (year 2014)[1]. This was 0.01% of total US population and 1.68% of total West Virginia state population. Area of Morgantown city is 10.4 miÂ² (=27 kmÂ²)[6], in this year population density was 2,979.19 p/miÂ².