If the Demand for American Automobiles Is More Elastic in Europe

question 48

Multiple Choice

If the demand for American automobiles is more elastic in Europe than it is in the United States, we might expect

• A) the same price for autos in the United States and Europe.
• B) a higher price for autos in the United States than in Europe.
• C) a lower price for autos in the United States than in Europe.
• D) a less profitable price for autos in the United States than in Europe.
• E) a price in Europe that is less than the cost of producing the car in Europe.

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