A monopolist selling an elastic good will set a lower price than a monopolist selling an inelastic good. True or false?

Answer: True

If the demand for a good is elastic, it means a percentage change price will lead to more than a percentage change in quantity demanded. So, if a monopolist charges high price for an elastic good, it will lose revenue. And if the demand for a good is inelastic, it means a percentage change price will lead to less than a percentage change in quantity demanded. So, if a monopolist charges high price for an inelastic good, it will increase revenue.

Thus, the statement is true.