To Maximize Profit GlaxoSmithKline Sets a Higher Price for Combivir

question 149

Multiple Choice

To maximize profit GlaxoSmithKline sets a higher price for Combivir in Europe than in Africa because demand curve in Africa is:

• A) lower and more inelastic.
• B) lower and more elastic.
• C) higher and more inelastic.
• D) higher and more elastic.

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