The demand for laser printers in a country is given by D = 10,000 - 2P,where P is the price of a laser printer.Supply by domestic producers is given by S = 2,000 + 8P.If the world price of a laser printer equals $500 and this economy is open to trade,then this country will
A) export 2,000 laser printers.
B) export 3,000 laser printers.
C) neither import nor export laser printers.
D) import 2,000 laser printers.
E) import 3,000 laser printers.
Correct Answer:
Verified
Q64: Q65: Q66: Q67: Q68: Q70: Q71: The demand for DVD players in a Q72: The demand for soybeans in a country Q73: Q74: 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![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()