A prescription drug is produced in the united states and, Ask an Expert

Economics

A prescription drug is produced in the United States and sold internationally. Each unit of the drug costs $60 to produce. In the German market, you sell the drug for 150 euros per unit. The current exchange rate is 0.667 U.S. dollars per euro. Current demand for the drug is 100 units, and the estimated elasticity is 2.5. Assuming a linear demand curve, determine the appropriate sales price (in euros) for the drug.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91705203

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