Scenario 9-1
Suppose domestic demand and domestic supply in a market are given by the following equations:
-Refer to Scenario 9-1.Suppose the world price in this market is $8 per unit.If the country allows free trade,will the country import or export this good,and how many units will be imported/exported?

Question

Scenario 9-1
Suppose domestic demand and domestic supply in a market are given by the following equations: 
-Refer to Scenario 9-1.Suppose the world price in this market is $8 per unit.If the country allows free trade,will the country import or export this good,and how many units will be imported/exported?

Quizplus · Accepted Answer

The Answer of Scenario 9-1
Suppose domestic demand and domestic supply in a market are given by the following equations: 
-Refer to Scenario 9-1.Suppose the world price in this market is $8 per unit.If the country allows free trade,will the country import or export this good,and how many units will be imported/exported?

Scenario 9-1 Suppose Domestic Demand and Domestic Supply in a Market Are