Scenario 9-2
• For a small country called Boxland,the equation of the domestic demand curve for
cardboard is ,
where represents the domestic quantity of cardboard demanded,in tons,and
represents the price of a ton of cardboard.
• For Boxland,the equation of the domestic supply curve for cardboard is ,
where represents the domestic quantity of cardboard supplied,in tons,and
again
represents the price of a ton of cardboard.
-Refer to Scenario 9-2.If Boxland prohibits international trade in cardboard,then the equilibrium price of a ton of cardboard is
A) $36 and the equilibrium quantity of cardboard is 74 tons.
B) $44 and the equilibrium quantity of cardboard is 88 tons.
C) $52 and the equilibrium quantity of cardboard is 96 tons.
D) $60 and the equilibrium quantity of cardboard is 100 tons.
Correct Answer:
Verified
Q253: Figure 9-20
The figure illustrates the market for
Q254: When a country allows trade and becomes
Q255: Figure 9-20
The figure illustrates the market for
Q256: Scenario 9-2
• For a small country called
Q257: Figure 9-20
The figure illustrates the market for
Q259: Figure 9-20
The figure illustrates the market for
Q260: Figure 9-20
The figure illustrates the market for
Q261: Figure 9-21
The following diagram shows the domestic
Q262: Figure 9-22
The following diagram shows the domestic
Q263: Figure 9-21
The following diagram shows the domestic
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