Back to Assignment Attempts I | Average / 1 1. Exercise 14.1 The price elasticity of demand for a textbook sold in the United States is estimated to be -2, whereas the price elasticity of demand for books sold overseas is -3. The US. market requires hardcover books with a marginal cost of $40; the overseas market is normally served with softcover texts on newsprint, having a marginal cost of only $15. The protmaximizing price in the U.S. market is [j and the profitmaximizing price in the overseas market is . (Hint: Remember thatMR = Px (1+ Grade It Now Save & Continue Continue without saving