Demonstrate graphically how regulating the price of a monopolist can both increase quantity and decrease price Instructions: Use the tool 'Unreg' to identify the price and quantity for an unregulated monopoly. Then use the fool 'Reg' to identify the price and quantity for a regulated monopoly Monopoly Sveg *Book References 16 17 1 0.42 poin Mc Graw HIR Price < Prev Next > Check my work 16 0.42 points ebook a Why did the regulation have the effect it did? O Regulation converts the average revenue curve (demand) into the marginal revenue curve so that the monopolist chooses a higher output and lower price as compared to an unregulated monopoly O Regulation makes the relevant demand curve perfectly elastic, leading to a higher output and lower price as compared to an unregulated monopoly