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Suppose the Domestic Supply (QS) and Demand (QD)for MP3 Players QS=25+10PQD=8755P\begin{array} { l } Q ^ { S } = - 25 + 10 P \\Q ^ { D } = 875 - 5 P\end{array}

Question 27

Multiple Choice

Suppose the domestic supply (QS) and demand (QD) for MP3 players in the United States are given by the following set of equations: QS=25+10PQD=8755P\begin{array} { l } Q ^ { S } = - 25 + 10 P \\Q ^ { D } = 875 - 5 P\end{array} If the United States can import MP3 players from the rest of the world at a per unit price of $50, how many MP3 players will be produced in the United States?


A) 625
B) 475
C) 925
D) 525

Correct Answer:

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