The Demand for Microwaves in a Certain Country Is Given

question 4

Multiple Choice

The demand for microwaves in a certain country is given by: D = 8,000 -30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. If this economy opens to trade while the world price of a microwave is $50, and the government imposes a tariff of $30 per microwave, then this country will ________ microwaves.

• A)import 400
• B)import 800
• C)export 800
• D)export

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Definitions:

Psychogenic Amnesia

A memory disorder characterized by sudden retrograde episodic memory loss, said to occur for a period of time ranging from hours to years due to psychological stress.

Psychogenic Fugue

A dissociative disorder characterized by reversible amnesia for personal identity, including the memories, personality, and other identifying characteristics of individuality.

Neurotransmitter Imbalance

A condition in which there is an imbalance in the levels of neurotransmitters in the brain, often linked to various mental health disorders.

Neurotic Personality

A trait characterized by being prone to emotional instability, anxiety, moodiness, worry, and envy.