In Problem 1, If Demand in the United States Is

question 8

Multiple Choice

In Problem 1, if demand in the United States is given by Q₁ = 18,000 - 900p₁, where p₁ is the price in the United States, and if the demand in England is given by 2,000 - 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) $10.
• B) $0.
• C) $11.
• D) $5.
• E) $15.

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