Domestic demand for a good is Q_D = 3000 - 25P.The domestic supply of the good is Q_S = 20P.Foreign producers can supply any quantity at a price (P)of $30.
a.What is the domestic equilibrium price and quantity?
b.At this domestic equilibrium price,how much of the good will be supplied by domestic producers and how much by foreign producers?

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The Answer of Domestic demand for a good is Q_D = 3000 - 25P.The domestic supply of the good is Q_S = 20P.Foreign producers can supply any quantity at a price (P)of $30. a.What is the domestic equilibrium price and quantity? b.At this domestic equilibrium price,how much of the good will be supplied by domestic producers and how much by foreign producers?

Domestic Demand for a Good Is QD = 3000 -

Domestic Demand for a Good Is Q_D = 3000 -