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, the domestic quantity demanded will be ________ and quantity supplied will be ________.

A. 8,000; 14,000
B. 12,000; 8,000
C. 12,000; 10,000
D. 14,000; 8,000


Answer: D

Economics

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