Question
In Ecuador the demand curve has price elasticity equal to -9; in Buenos Aires the demand curve has price elasticity of -11. Since shipping goods
In Ecuador the demand curve has price elasticity equal to -9; in Buenos Aires the demand curve has price elasticity of -11. Since shipping goods to Ecuador is twice as expensive as shipping them to Buenos Aires, we should never charge a lower price in Ecuador than Mexico. What principles do I apply here?
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Global Business Today
Authors: Charles Hill
9th Edition
1259299201, 9781259299209
