The demand for microwaves in a certain country is given by: D = 8,000 - 30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. If this economy opens to trade while the world price of a microwave is $50, the domestic quantity demanded will be ________ and quantity supplied will be ________.

A. 6,000; 4,000
B. 6,500; 3,000
C. 5,000; 5,000
D. 6,500; 4,500


Answer: D

Economics

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Adam Smith wrote that the:

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Economics

Which of the following is a determinant of Investment spending?

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Economics