In Problem 1, If Demand in the United States Is

question 20

Multiple Choice

In Problem 1, 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.

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