Consider a small, open economy, with the following Supply and Demand curves for tires: Supply: Q = p Demand: Q=90 - 2p 9. What would be the market price and quantity for this economy under autarky? [1 point] 10. What is the Total Surplus for this economy under autarky? [1 point]

Economics (MindTap Course List)
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ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter3: Supply And Demand: Theory
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Consider a small, open economy, with the following Supply and Demand curves for tires:
Supply: Q = p
Demand: Q=90 - 2p
9. What would be the market price and quantity for this economy under autarky? [1 point]
10. What is the Total Surplus for this economy under autarky? [1 point]
Transcribed Image Text:Consider a small, open economy, with the following Supply and Demand curves for tires: Supply: Q = p Demand: Q=90 - 2p 9. What would be the market price and quantity for this economy under autarky? [1 point] 10. What is the Total Surplus for this economy under autarky? [1 point]
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