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Suppose the Domestic Supply (QSU Demand (QD) and Supply (QS) in the Rest of the the United

Question 20

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Suppose the domestic supply (QSU.S.) and demand (QDU.S) for bicycles in the United States are given by the following set of equations: QSU.S.=2PQDU.S=2002P.\begin{array} { l } Q ^ { \mathrm { S } } \mathrm { U.S } . = 2 \mathrm { P } \\\mathrm { Q } _ {^ \mathrm { D } U . S } = 200 - 2 \mathrm { P } .\end{array} Demand (QD) and supply (QS) in the Rest of the World are given by the equations: QS=PQD=160P.\begin{array} { l } Q ^ { S } = P \\Q ^ { D } = 160 - P .\end{array} Quantities are measured in thousands and price in U.S. dollars. In the absence of international trade, _____ thousand bicycles will be sold in the Rest of the World at a per unit price of _____.


A) 80; $80
B) 100; $100
C) 50; $100
D) 100; $50

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