In Problem 1, If Demand in the United States Is

Question 2
Multiple Choice

In Problem 1, if demand in the United States is given by Q1 = 14,000 - 1,000p1, where p1 is the price in the United States, and if the demand in England is given by 1,600 - 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) $8. B) $0. C) $3. D) $6. E) $9.

C