The demand for jeans in a country is given by D = 100 - 0.6P,where P is the price of a pair of jeans.Supply by domestic producers is given by S = 20 + 0.4P.The world price of a pair of jeans equals $30 and this economy is open to trade.If a tariff of $10 per pair is placed on jeans imports,the quantity of jeans produced domestically will change from __________ pairs with no tariff to __________ pairs with the tariff.
A) 52;32
B) 32;52
C) 52;36
D) 36;52
E) 32;36
Correct Answer:
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