Calculate the equilibrium quantities, Macroeconomics

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Calculate the equilibrium quantities

The supply and demand curves of the market for DVD at the local (US) market are as follow: P = 30 - Qd/2 and P= -1.5 + Qs/4
1. Identify the equilibrium price and the equilibrium quantity when there is no international trade
2. Calculate the equilibrium quantities when the nation's trade freely at price of $15?

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Macroeconomics: Calculate the equilibrium quantities

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Macroeconomics: Calculate the equilibrium quantities

Reference No:- TGS0870446

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

Q : Determine the probability that the next customer

Q : What factors would affect the elasticity of supply

Q : Discuss how do you think you might measure the net impact

Q : Type of sampling scheme

Q : Calculate the equilibrium quantities

Q : Number of minutes of playing time

Q : Explain the meaning of unit travel

Q : Explain why would china want its own currency

Q : Discuss how low can the federal reserve lower

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Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: Calculate the equilibrium quantities

Reference No:- TGS0870446

Recent Questions Asked Macroeconomics

Q : Determine the probability that the next customer

Q : What factors would affect the elasticity of supply

Q : Discuss how do you think you might measure the net impact

Q : Type of sampling scheme

Q : Calculate the equilibrium quantities

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Q : Explain the meaning of unit travel

Q : Explain why would china want its own currency

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