How many units will a country import if S = 1P represents its home supply
Curve, D = 100 - 1P represents its home demand curve, and the world
Price is $25?

Question

Quizplus · Accepted Answer

At a world price of $25, the home supply is S = 1(25) = 25 units, and the home demand is D = 100 - 1(25) = 75 units. The country will import the difference between demand and supply, which is 75 - 25 = 50 units.

How Many Units Will a Country Import If S =