Domestic demand for fidget spinners in the domestic economy is characterized by the equation P = 100 – 2Q, domestic supply is characterized by the equation Q = P – 10, and the world price is equal to 60. Then the export subsidy of 10 per unit will change nothing O lead to a decrease in the world príce by 10 O increase domestic exports by 10 O increase domestic exports by 15
Domestic demand for fidget spinners in the domestic economy is characterized by the equation P = 100 – 2Q, domestic supply is characterized by the equation Q = P – 10, and the world price is equal to 60. Then the export subsidy of 10 per unit will change nothing O lead to a decrease in the world príce by 10 O increase domestic exports by 10 O increase domestic exports by 15
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Domestic demand for fidget spinners in the domestic economy is
characterized by the equation P = 100 – 2Q, domestic supply
is characterized by the equation Q = P – 10, and the world
price is equal to 60. Then the export subsidy of 10 per unit will
change nothing
lead to a decrease in the world príce by 10
O increase domestic exports by 10
O increase domestic exports by 15](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffb2b7326-dfc4-44db-abcb-0154d0c85f71%2F4ec222ec-604e-481d-a6e1-40357815a128%2F84p8hoh_processed.png&w=3840&q=75)
Transcribed Image Text:Domestic demand for fidget spinners in the domestic economy is
characterized by the equation P = 100 – 2Q, domestic supply
is characterized by the equation Q = P – 10, and the world
price is equal to 60. Then the export subsidy of 10 per unit will
change nothing
lead to a decrease in the world príce by 10
O increase domestic exports by 10
O increase domestic exports by 15
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