The Demand for Soybeans in a Country Is Given by D

Multiple Choice

The demand for soybeans in a country is given by D = 5 - 0.2P,where P is the price of a bushel of soybeans.Supply by domestic producers is given by S = 1 + 0.8P.Both demand (D) and supply (S) of soybeans are measured in millions of bushels.If the world price of soybeans equals $5 and this economy is open to trade,then this country will

A) export 1 million bushels of soybeans.
B) export 2 million bushels of soybeans.
C) neither import nor export soybeans.
D) import 1 million bushels of soybeans.
E) import 2 million bushels of soybeans.