Suppose That Domestic Demand for a Product Is More Inelastic

question 7

Multiple Choice

Suppose that domestic demand for a product is more inelastic than demand in the foreign country.A seller with market power would set a price in the foreign market that is ______ than the domestic price; this is an example of _________.

• A) higher, predatory dumping
• B) lower, predatory dumping
• C) higher, international price discrimination
• D) lower, international price discrimination

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