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The demand for cars in a certain country is given by: 0: 15,000 P, where Pis the price ofa car. Supply by domestic car producers
The demand for cars in a certain country is given by: 0: 15,000 P, where Pis the price ofa car. Supply by domestic car producers is: S= 5,750 + 0.22 If this economy is open to trade, and the world price of a car is $5,500, how many cars will be imported? Multiple Choice 0 2,000 2,650 3,975 O 0 1,325 O
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