The domestic demand and supply for sugarare Qd = 60,000 – 400P and QSD = 20,000 +500P. The foreign supply is QSF = 20,000 +100P. How many units of sugar will domesticproducers supply after the quota is imposed?Multiple Choice30,00023,00035,00058,000

Total Supply =QSD+QSF=20,000+500P+20,000+100P=40000+600P

The domestic demand and supply for sugar are Qd = 60,000 – 400P and QSD = 20,000 + 500P. The foreign supply is QS = 20,000 + 100P. How many units of sugar will domestic producers supply after the quota is imposed? Multiple Choice 30,000 23,000 35,000 58,000 -

The domestic demand and supply for sugar are Qd = 60,000 – 400P and QSD = 20,000 + 500P. The foreign supply is QS = 20,000 + 100P. How many units of sugar will domestic producers supply after the quota is imposed? Multiple Choice 30,000 23,000 35,000 58,000 -

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter16: Externalities, The Environment, And Natural Resources

Section: Chapter Questions

Problem 4DQ

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