Scenario 9-2 • for a Small Country Called Boxland,the Equation of the of the Domestic

Multiple Choice

Scenario 9-2
• For a small country called Boxland,the equation of the domestic demand curve for
cardboard is ,
where represents the domestic quantity of cardboard demanded,in tons,and represents the price of a ton of cardboard.
• For Boxland,the equation of the domestic supply curve for cardboard is ,
where represents the domestic quantity of cardboard supplied,in tons,and again
represents the price of a ton of cardboard.
-Refer to Scenario 9-2.If Boxland prohibits international trade in cardboard,then the equilibrium price of a ton of cardboard is

A) $36 and the equilibrium quantity of cardboard is 74 tons.
B) $44 and the equilibrium quantity of cardboard is 88 tons.
C) $52 and the equilibrium quantity of cardboard is 96 tons.
D) $60 and the equilibrium quantity of cardboard is 100 tons.