The domestic demand and supply for sugar are Qd = 40,000 ? 200P and QSD = 10,000 + 300P. The foreign supply is QSF = 20,000 + 100P. What is the domestic market price of sugar?

A. 18.3
B. 15.0
C. 12.3
D. 16.7


Answer: D

Economics

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An individual has an absolute advantage in producing pizzas if that individual:

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Economics