A)The Demand for Shoes in Cadbia Is Given by Qd

question 96

Essay

a)The demand for shoes in Cadbia is given by Qd = 300 − 25P,and the supply of shoes is given by Qs = 100 + 25P.If the world price of shoes is $8,will Cadbia import or export shoes?
b)The demand for dark chocolates in Cadbia is given by Qd = 300 − 10P,and the supply of dark chocolates is given by Qs = 100 + 10P.If the world price of dark chocolates is $6,will Cadbia import or export chocolates?

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Definitions:

Andropause

a term referring to age-related changes in male hormone levels, particularly a decrease in testosterone, sometimes called male menopause.

Menopause

A natural biological process marking the end of a woman's reproductive years, characterized by the cessation of menstrual periods.

BMI

Body Mass Index, a measure of body fat based on an individual's weight in relation to their height, used to assess overweight and obesity levels.

Obese

A medical condition characterized by excess body fat accumulated to the extent that it may have a negative effect on health, leading to reduced life expectancy and/or increased health problems.