9. [4 pts] Suppose that the elasticity of demand for BMW cars equals -2 in Germany and equals -3 in the U.K.. The margin
Posted: Thu May 19, 2022 8:00 am
9. [4 pts] Suppose that the elasticity of demand for BMW cars equals -2 in Germany and equals -3 in the U.K.. The marginal cost of producing BMW cars is $20,000. What price would BMW set in Germany vs. the U.K?