The demand for cars in a certain country is given by: D = 20,000 - P, where P is the price of a car. Supply by domestic car producers is: S = 5,000 + 0.5P. If this economy is open to trade, and the world price of a car is $6,000, how many cars will be imported?
A. 2,000
B. 6,000
C. 3,000
D. 4,000
Answer: B
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Answer the following statement true (T) or false (F)
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Indicate whether the statement is true or false
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A) above, high B) above, low C) below, high D) below, low