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Satsume Satsume
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7 years ago
Gold buyers are located in New York and Zurich.  If the price of gold is $400 an ounce, the worldwide demand for gold is 10,000 ounces.  Also, the price elasticity of demand for gold in New York and Zurich are -3 and -2 respectively.  If the slope of each demand curve in New York is the same as in Zurich, then the quantity of gold demanded by dealers in Zurich is 
A) 10,000/3.
B) 5,000.
C) 6,000.
D) 10,000.
E) none of the above
Textbook 
Microeconomics

Microeconomics


Edition: 8th
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7 years ago
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