Scenario 9-2 • for a Small Country Called Boxland,the Equation of the of the Domestic

question 285

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 $60.Then Boxland's gains from international trade in cardboard amount to

• A)$145.
• B)$160.
• C)$210.
• D)$320.

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Definitions:

Communication Process

The exchange of information between a sender and a receiver through a medium, involving encoding, transmission, decoding, and feedback.

Claritin

A brand name for loratadine, a non-drowsy antihistamine drug used to relieve allergy symptoms.

Allergy Symptoms

Physical manifestations that occur as a reaction of the immune system to allergens, including sneezing, itching, and swelling.

Noise

In communication, any unrelated or disrupting sounds or information that interferes with the clear transmission or reception of messages.