Business, 05.05.2020 08:25 bks53

For a small country called Boxland, the equation of the Domestic demand curve for cardboard is QD=200-2p, where QD represents the domestic quantity of cardboard demanded, in tons, and P represents the price of a tin of cardboard. For Boxland, the equation of the domestic supply curve for cardboard is QS=-60+3P, where QS represents the domestic quantity of cardboard supplied, in tons, and P again represents the price of a ton of cardboard. Suppose the world price of cardboard is $60.

The Boxlands gains from international trade in cardboard amount to:

a. $120

b. $145

c. $160

d. $320

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For a small country called Boxland, the equation of the Domestic demand curve for cardboard is QD=20...

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