Warner Home Entertainment sold the Harry Potter and the Prisoner of Azkaban two-DVD movie set around the
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Warner Home Entertainment sold the Harry Potter and the Prisoner of Azkaban two-DVD movie set around the world. Warner charged 33% more in Canada and 66% more in Japan than in the United States, where it charged $15. Given that Warner’s marginal cost was $1, determine what the elasticities of demand must have been in the United States, Canada, and Japan if Warner was profit maximizing.
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The price charged in Canada is 15 1 33 20 ...View the full answer
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