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The Domestic Demand and Supply for Sugar Are Qd =

Question 88

Multiple Choice

The domestic demand and supply for sugar are Qd = 700 − 2P and QSD = 100 + 4P.The foreign supply is QSF = 150 + 3P.Suppose an import quota of 100 is imposed in the domestic market.How many units of sugar will domestic producers supply after the quota is imposed?


A) 500
B) 350
C) 560
D) 640

Correct Answer:

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