Asked by
Ashley Manning
on Dec 01, 2024Verified
if demand in the United States is given by Q1 = 7,200 - 300p1, where p1 is the price in the United States, and if the demand in England is given by 3,600 - 200p2, where p2 is the price in England, then the difference between the price charged in England and the price charged in the United States will be
A) $3.
B) $6.
C) $0.
D) $13.
E) $9.
Demand
The quantity of a product or service that consumers are willing and able to buy at a given price over a specified period of time.
Price
The expenditure needed to secure a product, service, or piece of property.
- Differentiate the market needs across various geographical areas.
Verified Answer
PS
Learning Objectives
- Differentiate the market needs across various geographical areas.
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