Multiple Choice
The demand for DVD players in a country is given by D = 300 - 0.2P,where P is the price of a DVD player.Supply by domestic producers is given by S = 100 + 0.8P.The world price of a DVD player equals $100.In equilibrium,when this economy is closed to trade,domestic DVD player production equals __________,and when this economy opens to trade,domestic DVD player production equals _________.
A) 180;260
B) 180;280
C) 260;180
D) 260;280
E) 280;260
Correct Answer:

Verified
Correct Answer:
Verified
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