The demand for microwaves in a certain country is given by: D = 8,000 - 30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. If this economy opens to trade while the world price of a microwave is $50, and the government imposes a tariff of $30 per microwave, then the domestic quantity supplied will be ________ microwaves.
A) 4,000
B) 4,500
C) 4,800
D) 5,000
Correct Answer:
Verified
Q153: The demand for cars in a certain
Q154: Suppose the automobile industry can import 10%
Q155: The demand for microwaves in a certain
Q156: What is the price of a TV
Q157: What is the domestic price of a
Q159: The demand for cars in a certain
Q160: The demand for microwaves in a certain
Q161: Refer to the accompanying figure, which shows
Q162: The demand for cars in a certain
Q163: The demand for cars in a certain
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents