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.Suppose the world price of cardboard is $45 and international trade is allowed.Then Boxland's consumers demand
A) 110 tons of cardboard and Boxland's producers supply 75 tons of cardboard.
B) 110 tons of cardboard and Boxland's producers supply 96 tons of cardboard.
C) 96 tons of cardboard and Boxland's producers supply 75 tons of cardboard.
D) 96 tons of cardboard and Boxland's producers supply 96 tons of cardboard.
Correct Answer:

Verified
Correct Answer:
Verified
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