Business, 12.12.2019 01:31, sunshine52577oyeor9
Describes the effects of the sugar quota. the supply equation is upper q subscript upper s baseline equals negative 7.48 plus 0.84 upper p , and the demand equation is upper q subscript upper d baseline equals 26.7 minus 0.23 upper p , where the price is in cents and quantities are in billions of pounds. the world price is 12 cents per pound. in 2005, imports were limited to 5.3 billion pounds, which pushed the domestic price to 27 cents per pound. suppose imports were expanded to 10 billion pounds. a. what would be the new u. s. domestic price? (round your response to two decimal places.) the new domestic price is cents.
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Describes the effects of the sugar quota. the supply equation is upper q subscript upper s baseline...
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