The Demand for Laser Printers in a Country Is Given

question 72

Multiple Choice

The demand for laser printers in a country is given by D = 10,000 - 2P,where P is the price of a laser printer.Supply by domestic producers is given by S = 2,000 + 8P.If the world price of a laser printer equals $1,000 and this economy is open to trade,then this country will

• A) export 2,000 laser printers.
• B) export 3,000 laser printers.
• C) neither import nor export laser printers.
• D) import 2,000 laser printers.
• E) import 3,000 laser printers.

---

Definitions:

Unemployment Rate

The percentage of people in the labor force who are unemployed and are actively trying to find a job.

Expected Price Level

The anticipated average price of goods and services in an economy at a future point in time, affecting consumer and business planning.

Structural Unemployment

Unemployment arising from fundamental changes in the economy that displace workers, such as technological advancements or shifts in demand.

Stagflation

A situation where an economy experiences stagnant growth, high unemployment, and high inflation simultaneously, presenting a challenge to economic policy.