Suppose the domestic supply (QS) and demand (QD) for MP3 players in the United States are given by the following set of equations: QS = = -25 + 10P QD = 875-5P 13. The consumer surplus by_ will when the United States engages in international trade and the international price for MP3 players settles at $50. Group of answer choices increase; $2,625 increase; $6,000 decrease; $7, 150 decrease: $13,500
Suppose the domestic supply (QS) and demand (QD) for MP3 players in the United States are given by the following set of equations: QS = = -25 + 10P QD = 875-5P 13. The consumer surplus by_ will when the United States engages in international trade and the international price for MP3 players settles at $50. Group of answer choices increase; $2,625 increase; $6,000 decrease; $7, 150 decrease: $13,500
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Suppose the domestic supply (QS) and demand (QD) for
MP3 players in the United States are given by the following set of
equations: QS = - 25 + 10P QD = 875-5P 13. The consumer surplus
when the United States engages in international
trade and the international price for MP3 players settles at $50. Group of
answer choices increase; $2, 625 increase; $6,000 decrease; $7, 150
will
by
decrease: $13,500
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