Suppose Qd=-44*P+869, Qs=35*P+17 for home and Qd*=-44*P+123, Qs*=35*P+39 for foreign. Further suppose that the importing country place a tariff of 0.17 on the product. What is the trade volume to two decimal places?

Suppose Qd=-44P+869, Qs=35P+17 for home and Qd=-44P+123, Qs=35P+39 for foreign. Further suppose that the importing country place a tariff of 0.17 on the product. What is the trade volume to two decimal places?

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter28: International Trade And Finance

Section: Chapter Questions

Problem 11SQ

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