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If Demand in the United States Is Given by Q1

Question 3

Multiple Choice

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.

Correct Answer:

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