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, how many microwaves will be imported or exported?

A. 3,000 exported
B. 1,000 imported
C. 2,000 exported
D. 2,000 imported


Answer: D

Economics

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