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Consider Country A: Let the domestic demand and supply curves be the following: P_D= 50-Q_D and PS=5+2Q_S . If the world price is $29 what
Consider Country A: Let the domestic demand and supply curves be the following: P_D= 50-Q_D and PS=5+2Q_S . If the world price is $29 what will this country do? A: It will export 9 goods It won't trade It will import 9 goods It will impose a tariff of $5 It will import 4 goods
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