Suppose Qd=-25*P+709, Qs=39*P+12 for home and Qd*=-25*P+182, Qs*=39*P+33 for foreign. Further suppose that the importing country place a tariff of 0.15 on the product. What is the trade volume to two decimal places? Answer: (269.20) could you explain the answer by excel please

Suppose Qd=-25P+709, Qs=39P+12 for home and Qd=-25P+182, Qs=39P+33 for foreign. Further suppose that the importing country place a tariff of 0.15 on the product. What is the trade volume to two decimal places? Answer: (269.20) could you explain the answer by excel please

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Suppose Qd=-25*P+709, Qs=39*P+12 for
home and Qd*=-25*P+182, Qs*=39*P+33 for
foreign. Further suppose that the importing
country place a tariff of 0.15 on the product.
What is the trade volume to two decimal
places?
Answer:
(269.20)
could you explain the answer by excel please

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