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:

Criminal Action

Legal proceedings taken against an individual or entity accused of violating the law, aiming to enforce social control and administer justice.

Med-Arb

A type of dispute resolution process in which both parties agree to start out in mediation and, if unsuccessful, to move on to arbitration.

Mediation

A form of alternative dispute resolution where a neutral third party helps disputing parties to reach a mutual agreement.

Arbitration

Arbitration is a method of resolving disputes outside the courts, where an impartial third party, known as an arbitrator, makes a decision that's binding on the parties involved.