A bottle of Glenfiddich whisky that costs $21 in Germany, costs $35 in Denmark, $43 in Sweden, and $55 in Norway. The Scandinavian countries clamped down on liquor consumption after almost endemic abuse during the 19thcentury when the average Swede consumed 46 liters a year. It is not unusual for people to travel eight hours from Stockholm to Germany to stock up on beer, wine, and other spirits. The Scandinavian countries are uninterested in the _____ when setting prices.
A) point of price elasticity
B) cost-plus price
C) marginal price
D) point of price inelasticity
E) expected price
Correct Answer:
Verified
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