Essay
a)The demand for shoes in Cadbia is given by Qd = 300 − 25P,and the supply of shoes is given by Qs = 100 + 25P.If the world price of shoes is $8,will Cadbia import or export shoes?
b)The demand for dark chocolates in Cadbia is given by Qd = 300 − 10P,and the supply of dark chocolates is given by Qs = 100 + 10P.If the world price of dark chocolates is $6,will Cadbia import or export chocolates?
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a)The domestic price of shoes in Cadbia ...View Answer
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