Business, 30.07.2021 03:40, danjan9084

The demand for microwaves in a certain country is given by: D = 8,000 – 30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. If this economy opens to trade while the world price of a microwave is $50, and the government imposes a tariff of $30 per microwave, then the domestic quantity demanded will be __ microwaves.

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The demand for microwaves in a certain country is given by: D = 8,000 – 30P, where P is the price of...