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The domestic demand and supply for sugar are, respectively, Q d = 40,000 400P and Q SD = 20,000 + 500P. The foreign supply is
The domestic demand and supply for sugar are, respectively, Qd = 40,000 400P and QSD = 20,000 + 500P. The foreign supply is QSF = 20,000 + 100P. What is the domestic quantity supplied at the domestic market price?
Multiple Choice
- 20,000
- 20,000
- 100
- 500
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