Suppose the domestic supply (QS) and demand (QD) for MP3 players in the United States are given by the following set of equations: If the United States can import MP3 players from the rest of the world at a per unit price of $50, how many MP3 players will be produced in the United States?
A) 625
B) 475
C) 925
D) 525
Correct Answer:
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