Malaysia is a small nation and imports electrical and electronic products at RM20 per unit. The domestic demand and supply curves are as follows: Demand:
Malaysia is a small nation and imports electrical and electronic products at RM20 per unit. The domestic demand and supply curves are as follows: Demand: P = 58 - 0.05Q Supply: P = 0.05Q - 3 Determine the import demand function. [2 marks]
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