The correct answer is $122.50 but how do you get that number? please help! • 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 represents the price of a ton of cardboard. Qs= -60+3p • For Boxland, the equation of the domestic supply curve for cardboard is ,where Qs 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. Then Boxland’s gains from international trade in cardboard amount to Selected Answer: d. $122.50. Answers: a. $102.50 b. $135.00. c. $88.75. d. $122.50.
The correct answer is $122.50 but how do you get that number? please help!
• 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
represents the price of a ton of cardboard.
Qs= -60+3p
• For Boxland, the equation of the domestic supply curve for cardboard is
,where Qs 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. Then Boxland’s gains from international trade in cardboard amount to
| Selected Answer: | d.$122.50. |
| Answers: | a.$102.50 |
| b.$135.00. | |
| c.$88.75. | |
| d.$122.50. |
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