The gains and losses that would arise in the economies of countries that export sugar.

Question

The demand for cameras in a certain country is given by D = 8000 – 30P, where P is the price of acamera. Supply by domestic camera producers is S = 4000 + 10P. If this economy opens to tradewhile the world price of a camera is $50, and the government imposes a tariff of $30 per camera,what will be the quantity of cameras that this country imports or exports?

Answer 1

Question

Chapter 17, Problem 7P

To determine

The gains and losses that would arise in the economies of countries that export sugar.

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