Scenario 9-1 ​

Multiple Choice

Scenario 9-1
​
For a small country called Boxland, the equation of the domestic demand curve for cardboard is Q^D = 210 − 2P, where Q^D represents the domestic quantity of cardboard demanded, in tons, and P represents the price of a ton of cardboard. For Boxland, the equation of the domestic supply curve for cardboard is Q^S = -90 + 3P, where Q^S represents the domestic quantity of cardboard supplied, in tons, and P again represents the price of a ton of cardboard.
-Refer to Scenario 9-1. Suppose the world price of cardboard is $82.5 and international trade is allowed. Then Boxland's consumers demand

A) 45 tons of cardboard and Boxland's producers supply 157.5 tons of cardboard.
B) 45 tons of cardboard and Boxland's producers supply 90 tons of cardboard.
C) 90 tons of cardboard and Boxland's producers supply 157.5 tons of cardboard.
D) 90 tons of cardboard and Boxland's producers supply 90 tons of cardboard.